USD/MXN may rise to 20.8494 - 21.2868

Our pivot point stands at 19.2704.

Our preference

The upside prevails as long as 19.2704 is support.

Alternative scenario

The downside breakout of 19.2704 would call for 18.5404 and 18.1058.

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 19.5402 and 19.4081).

Supports and resistances

22.1616 **

21.7242 *

21.2868 **

20.8494

19.9110 last

19.5572

19.2704 **

18.5404 *

18.1058 **

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