USD/MXN may fall 1719 - 2478 pips

Our pivot point stands at 19.2945.

Our preference

Eye 18.9372.

Alternative scenario

The upside breakout of 19.2945, would call for 19.4223 and 19.4983.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (19.1997) but above its 50 period moving average (19.1819).

Supports and resistances

19.4983 **

19.4223 *

19.2945 **

19.2443

19.1850 last

19.0131

18.9372 **

18.8613 *

18.7853 **

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