USD/MXN may fall 1208 - 1791 pips

19.4015 is our pivot point.

Our preference

Under pressure below 19.4015.

Alternative scenario

The upside breakout of 19.4015, would call for 19.4998 and 19.5583.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.3105 and 19.3085).

Supports and resistances

19.5583 **

19.4998 *

19.4015 **

19.3629

19.2950 last

19.1742

19.1159 **

19.0575 *

18.9991 **

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