USD/MXN may fall 1714 - 2548 pips

Our pivot point stands at 19.5845.

Our preference

The downside prevails as long as 19.5845 is resistance.

Alternative scenario

The upside breakout of 19.5845, would call for 19.7250 and 19.8087.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.4981 and 19.5630). Finally, the USD/MXN has penetrated its lower Bollinger band (19.4457).

Supports and resistances

19.8087 **

19.7250 *

19.5845 **

19.5292

19.4309 last

19.2595

19.1761 **

19.0926 *

19.0091 **

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