USD/MXN may fall 1794 - 2631 pips

18.5817 is our pivot point.

Our preference

The downside prevails as long as 18.5817 is resistance.

Alternative scenario

The upside breakout of 18.5817, would call for 18.7225 and 18.8063.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 18.4808 and 18.5031).

Supports and resistances

18.8063 **

18.7225 *

18.5817 **

18.5264

18.4600 last

18.2806

18.1969 **

18.1132 *

18.0295 **

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