USD/MXN may rise 1279 - 1869 pips

19.3803 is our pivot point.

Our preference

As long as 19.3803 is support look for 19.6589.

Alternative scenario

Below 19.3803, expect 19.2813 and 19.2224.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.4619 and 19.4238).

Supports and resistances

19.7768 **

19.7178 *

19.6589 **

19.5999

19.4720 last

19.4191

19.3803 **

19.2813 *

19.2224 **

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