USD/MXN may rise 1734 - 2576 pips

Our pivot point stands at 18.4280.

Our preference

The upside prevails as long as 18.4280 is support.

Alternative scenario

Below 18.4280, expect 18.2867 and 18.2026.

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 18.5313 and 18.5223).

Supports and resistances

18.9738 **

18.8897 *

18.8055 **

18.7213

18.5479 last

18.4835

18.4280 **

18.2867 *

18.2026 **

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