USD/MXN may rise 1936 - 2896 pips

Our pivot point is at 18.2853.

Our preference

Our next up target stands at 18.7096.

Alternative scenario

Below 18.2853, expect 18.1241 and 18.0282.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.4036 and 18.4042).

Supports and resistances

18.9016 **

18.8056 *

18.7096 **

18.6136

18.4200 last

18.3487

18.2853 **

18.1241 *

18.0282 **

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