| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The USD/MXN currency pair has been trading upwards within a rising wedge pattern. Currently, the pair is testing the lower pattern line at 22.60.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern in the medium term. Also, it is likely that a breakout south could occur at the end of July.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages. Thus, a breakout south could occur in the nearest future. In this case the pair could decline below 21.50.