USD/MXN may rise 1366 - 2026 pips

Our pivot point stands at 19.8230.

Our preference

As long as 19.8230 is support look for 20.1310.

Alternative scenario

Below 19.8230, expect 19.7122 and 19.6463.

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 trading above both its 20 and 50 period moving average (respectively at 19.9127 and 19.8864).

Supports and resistances

20.2630 **

20.1970 *

20.1310 **

20.0650

19.9284 last

19.8665

19.8230 **

19.7122 *

19.6463 **

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