USD/MXN may fall 1854 - 2756 pips

19.3512 is our pivot point.

Our preference

The downside prevails as long as 19.3512 is resistance.

Alternative scenario

Above 19.3512, look for 19.5029 and 19.5932.

Comment

The RSI is below its neutrality area at 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 19.2417 and 19.2300).

Supports and resistances

19.5932 **

19.5029 *

19.3512 **

19.2916

19.2210 last

19.0356

18.9454 **

18.8551 *

18.7649 **

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