USD/MXN may rise 1727 - 2497 pips

Our pivot point stands at 19.2886.

Our preference

As long as 19.2886 is support look for 19.6582.

Alternative scenario

The downside breakout of 19.2886 would call for 19.1595 and 19.0827.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.4045 and 19.3215).

Supports and resistances

19.8121 **

19.7352 *

19.6582 **

19.5812

19.4085 last

19.3393

19.2886 **

19.1595 *

19.0827 **

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