USD/MXN may rise 2045 - 2882 pips

Our pivot point is at 19.3327.

Our preference

Rebound towards 19.7362.

Alternative scenario

Below 19.3327, expect 19.1924 and 19.1088.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.5025 and 19.5692). Finally, the USD/MXN is trading below its lower Bollinger band (standing at 19.4603).

Supports and resistances

19.9037 **

19.8199 *

19.7362 **

19.6525

19.4480 last

19.3879

19.3327 **

19.1924 *

19.1088 **

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