USD/MXN may rise 1175 - 1513 pips

Our pivot point is at 16.9566.

Our preference

The upside prevails as long as 16.9566 is support.

Alternative scenario

Below 16.9566, expect 16.9002 and 16.8666.

Comment

The RSI is above 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 16.9632 and 16.9842).

Supports and resistances

17.2262 **

17.1925 *

17.1588 **

17.1250

17.0075 last

16.9788

16.9566 **

16.9002 *

16.8666 **

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