USD/MXN may rise 1308 - 1933 pips

Our pivot point is at 19.7315.

Our preference

Rebound towards 20.0106.

Alternative scenario

Below 19.7315, expect 19.6265 and 19.5640.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.8302 and 19.9153).

Supports and resistances

20.1357 **

20.0732 *

20.0106 **

19.9481

19.8173 last

19.7727

19.7315 **

19.6265 *

19.5640 **

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