USD/MXN may rise 1185 - 1773 pips

Our pivot point stands at 19.3016.

Our preference

As long as 19.3016 is support look for 19.5924.

Alternative scenario

The downside breakout of 19.3016 would call for 19.2031 and 19.1444.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.3941 and 19.3449).

Supports and resistances

19.7099 **

19.6511 *

19.5924 **

19.5336

19.4151 last

19.3403

19.3016 **

19.2031 *

19.1444 **

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