USD/MXN may rise 1307 - 1891 pips

Our pivot point is at 19.1711.

Our preference

Rebound towards 19.4501.

Alternative scenario

Below 19.1711, expect 19.0732 and 19.0150.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 19.2800 and 19.3274).

Supports and resistances

19.5667 **

19.5084 *

19.4501 **

19.3917

19.2610 last

19.2096

19.1711 **

19.0732 *

19.0150 **

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