USD/MXN may rise 1557 - 2207 pips

Our pivot point is at 18.3384.

Our preference

The upside prevails as long as 18.3384 is support.

Alternative scenario

Below 18.3384, expect 18.2294 and 18.1645.

Comment

The RSI is above 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 18.3749 and 18.2523).

Supports and resistances

18.7968 **

18.7317 *

18.6667 **

18.6017

18.4460 last

18.3812

18.3384 **

18.2294 *

18.1645 **

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