USD/MXN may rise 1767 - 2607 pips

Our pivot point stands at 18.3842.

Our preference

The upside prevails as long as 18.3842 is support.

Alternative scenario

Below 18.3842, expect 18.2433 and 18.1594.

Comment

The RSI is above its neutrality area at 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 18.4852 and 18.4990).

Supports and resistances

18.9509 **

18.8668 *

18.7827 **

18.6987

18.5220 last

18.4396

18.3842 **

18.2433 *

18.1594 **

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