USD/MXN may rise 1967 - 2926 pips

Our pivot point is at 18.2675.

Our preference

Rebound towards 18.6967.

Alternative scenario

Below 18.2675, expect 18.1064 and 18.0106.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (18.4023) but below its 50 period moving average (18.4214).

Supports and resistances

18.8886 **

18.7927 *

18.6967 **

18.6008

18.4041 last

18.3307

18.2675 **

18.1064 *

18.0106 **

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