USD/MXN may rise 1343 - 1985 pips

Our pivot point is at 19.3103.

Our preference

The upside prevails as long as 19.3103 is support.

Alternative scenario

The downside breakout of 19.3103 would call for 19.2025 and 19.1383.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.3791 and 19.3288).

Supports and resistances

19.7290 **

19.6648 *

19.6006 **

19.5364

19.4021 last

19.3527

19.3103 **

19.2025 *

19.1383 **

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