USD/MXN may rise 1229 - 1815 pips

Our pivot point is at 19.2697.

Our preference

The upside prevails as long as 19.2697 is support.

Alternative scenario

The downside breakout of 19.2697 would call for 19.1713 and 19.1128.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.3439 and 19.3289).

Supports and resistances

19.6536 **

19.5950 *

19.5364 **

19.4778

19.3549 last

19.3084

19.2697 **

19.1713 *

19.1128 **

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