USD/MXN may rise 1349 - 2001 pips

Our pivot point stands at 19.5900.

Our preference

As long as 19.5900 is support look for 19.8826.

Alternative scenario

Below 19.5900, expect 19.4806 and 19.4154.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (19.7000) but above its 50 period moving average (19.5757).

Supports and resistances

20.0129 **

19.9477 *

19.8826 **

19.8174

19.6825 last

19.6330

19.5900 **

19.4806 *

19.4154 **

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