USD/MXN may rise 1332 - 1991 pips

19.8120 is our pivot point.

Our preference

As long as 19.8120 is support look for 20.1134.

Alternative scenario

The downside breakout of 19.8120 would call for 19.7013 and 19.6355.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.9020 and 19.8563).

Supports and resistances

20.2453 **

20.1794 *

20.1134 **

20.0475

19.9143 last

19.8555

19.8120 **

19.7013 *

19.6355 **

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