USD/MXN may rise 1850 - 2687 pips

Our pivot point is at 18.2983.

Our preference

The upside prevails as long as 18.2983 is support.

Alternative scenario

The downside breakout of 18.2983 would call for 18.1580 and 18.0745.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.4043 and 18.3877).

Supports and resistances

18.8580 **

18.7744 *

18.6907 **

18.6070

18.4220 last

18.3534

18.2983 **

18.1580 *

18.0745 **

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