USD/MXN may rise to 21.1220 - 21.7155

Our pivot point stands at 19.0949.

Our preference

The upside prevails as long as 19.0949 is support.

Alternative scenario

The downside breakout of 19.0949 would call for 18.1008 and 17.5090.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.3857 and 18.7006).

Supports and resistances

22.9025 **

22.3090 *

21.7155 **

21.1220

19.8823 last

19.4855

19.0949 **

18.1008 *

17.5090 **

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