USD/MXN may rise 1343 - 1999 pips

19.6896 is our pivot point.

Our preference

Rebound towards 19.9950.

Alternative scenario

The downside breakout of 19.6896 would call for 19.5796 and 19.5141.

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 19.8010 and 19.8598).

Supports and resistances

20.1261 **

20.0605 *

19.9950 **

19.9294

19.7951 last

19.7328

19.6896 **

19.5796 *

19.5141 **

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