USD/MXN may rise 1384 - 2045 pips

19.8678 is our pivot point.

Our preference

The upside prevails as long as 19.8678 is support.

Alternative scenario

Below 19.8678, expect 19.7568 and 19.6907.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.9231 and 19.8518).

Supports and resistances

20.3008 **

20.2347 *

20.1686 **

20.1025

19.9641 last

19.9114

19.8678 **

19.7568 *

19.6907 **

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