USD/MXN may rise 1739 - 2565 pips

Our pivot point stands at 19.0931.

Our preference

Rebound towards 19.4632.

Alternative scenario

Below 19.0931, expect 18.9545 and 18.8719.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (19.1941) but under its 50 period moving average (19.2526).

Supports and resistances

19.6284 **

19.5458 *

19.4632 **

19.3806

19.2067 last

19.1475

19.0931 **

18.9545 *

18.8719 **

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