USD/MXN may rise 1743 - 2596 pips

Our pivot point stands at 18.6795.

Our preference

As long as 18.6795 is support look for 19.0580.

Alternative scenario

Below 18.6795, expect 18.5362 and 18.4510.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.7681 and 18.7432).

Supports and resistances

19.2286 **

19.1433 *

19.0580 **

18.9727

18.7984 last

18.7357

18.6795 **

18.5362 *

18.4510 **

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