USD/MXN may rise 1396 - 2021 pips

19.7335 is our pivot point.

Our preference

Rebound towards 20.0181.

Alternative scenario

The downside breakout of 19.7335 would call for 19.6285 and 19.5659.

Comment

The RSI is below its neutrality area at 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 19.8252 and 19.8212).

Supports and resistances

20.1432 **

20.0807 *

20.0181 **

19.9556

19.8160 last

19.7747

19.7335 **

19.6285 *

19.5659 **

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