USD/MXN may rise to 19.8953 - 20.5652

17.5776 is our pivot point.

Our preference

The upside prevails as long as 17.5776 is support.

Alternative scenario

The downside breakout of 17.5776 would call for 16.4581 and 15.7917.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 17.3949 and 17.0270).

Supports and resistances

21.9051 **

21.2352 *

20.5652 **

19.8953

18.4576 last

18.0175

17.5776 **

16.4581 *

15.7917 **

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