| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
[ANNOUNCE] The US Dollar has been appreciating against the Mexican Dollar since the middle of January. This movement has been bounded in the ascending channel. [/ANNOUNCE]
Currently, the currency pair is testing the upper channel line at 19.60. From a theoretical point of view, the exchange rate should reverse south and target the lower trend line located in the 19.15/19.25 range.
However, if given channel does not hold, a breakout north occurs within following trading sessions. Potential upside target is the psychological level at 20.00. Important resistance level to look out for is the Fibonacci 50.00% retracement at 19.75.