| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
[ANNOUNCE] The dominant pattern that has guided the USD/MXN exchange rate for the last six months is an ascending triangle. [/ANNOUNCE] As apparent on the chart, the pair reversed from its upper boundary on December 25 and has since traded in a narrow channel down.
The US Dollar is currently stranded between two important support and resistance areas. The pressure from both sides might force the pair to consolidate in a narrow range in between their bounds.
If looking at a longer term, a test of the senior channel should result in a new period of price decline, especially given the pair's steep appreciation during the past two months. Apart from the 200-hour SMA and the weekly S1, the rate also faces the support of the monthly PP and the weekly S2 near the 19.40 mark.