USD/MXN may rise 1271 - 1861 pips

Our pivot point is at 19.4111.

Our preference

The upside prevails as long as 19.4111 is support.

Alternative scenario

The downside breakout of 19.4111 would call for 19.3121 and 19.2531.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.4739 and 19.4444).

Supports and resistances

19.7979 **

19.7389 *

19.6799 **

19.6209

19.4938 last

19.4501

19.4111 **

19.3121 *

19.2531 **

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