USD/MXN may rise 1393 - 2020 pips

Our pivot point is at 19.7264.

Our preference

Rebound towards 20.0140.

Alternative scenario

The downside breakout of 19.7264 would call for 19.6212 and 19.5586.

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 is trading above its 20 period moving average (19.8090) but under its 50 period moving average (19.8713).

Supports and resistances

20.1393 **

20.0767 *

20.0140 **

19.9513

19.8120 last

19.7677

19.7264 **

19.6212 *

19.5586 **

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