USD/MXN may rise to 20.5654 - 21.1278

Our pivot point is at 18.6053.

Our preference

The upside prevails as long as 18.6053 is support.

Alternative scenario

Below 18.6053, expect 17.6651 and 17.1054.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.9731 and 18.4526).

Supports and resistances

22.2527 **

21.6903 *

21.1278 **

20.5654

19.4079 last

18.9746

18.6053 **

17.6651 *

17.1054 **

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