USD/MXN may rise 1427 - 2057 pips

Our pivot point is at 19.8244.

Our preference

Rebound towards 20.1252.

Alternative scenario

Below 19.8244, expect 19.7187 and 19.6558.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 19.9288 and 19.9592).

Supports and resistances

20.2512 **

20.1882 *

20.1252 **

20.0622

19.9195 last

19.8660

19.8244 **

19.7187 *

19.6558 **

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