USD/MXN may rise to 19.2964 - 19.9687

Our pivot point stands at 16.9991.

Our preference

As long as 16.9991 is support look for 19.9687.

Alternative scenario

Below 16.9991, expect 15.8741 and 15.2045.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 17.7808 and 17.1850).

Supports and resistances

21.3131 **

20.6409 *

19.9687 **

19.2964

17.9508 last

17.4410

16.9991 **

15.8741 *

15.2045 **

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