USD/MXN may rise 1428 - 2084 pips

19.7075 is our pivot point.

Our preference

Rebound towards 20.0090.

Alternative scenario

Below 19.7075, expect 19.5974 and 19.5318.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.8168 and 19.8806).

Supports and resistances

20.1402 **

20.0746 *

20.0090 **

19.9434

19.8006 last

19.7507

19.7075 **

19.5974 *

19.5318 **

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