USD/MXN may rise 1437 - 2098 pips

19.8449 is our pivot point.

Our preference

The upside prevails as long as 19.8449 is support.

Alternative scenario

Below 19.8449, expect 19.7340 and 19.6680.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.8946 and 19.8295).

Supports and resistances

20.2799 **

20.2138 *

20.1478 **

20.0817

19.9380 last

19.8884

19.8449 **

19.7340 *

19.6680 **

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