USD/MXN may rise 2102 - 3083 pips

Our pivot point is at 18.0086.

Our preference

The upside prevails as long as 18.0086 is support.

Alternative scenario

Below 18.0086, expect 17.8439 and 17.7459.

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 trading above both its 20 and 50 period moving average (respectively at 18.1178 and 18.1039).

Supports and resistances

18.6496 **

18.5515 *

18.4533 **

18.3552

18.1450 last

18.0733

18.0086 **

17.8439 *

17.7459 **

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