USD/MXN may fall 1609 - 2379 pips

19.5884 is our pivot point.

Our preference

Target 19.2243.

Alternative scenario

The upside breakout of 19.5884, would call for 19.7181 and 19.7953.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (19.4882) but above its 50 period moving average (19.4390).

Supports and resistances

19.7953 **

19.7181 *

19.5884 **

19.5374

19.4622 last

19.3013

19.2243 **

19.1472 *

19.0701 **

Number of asterisks represents the strength of support and resistance levels.