| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Buy | Buy | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
USD/MXN is trading along the lines of a long-term descending wedge. Following a test of its upper boundary mid-March, the pair reversed to the downside and has since reached the southern boundary of this pattern. Despite trying to initiate a new wave down last week, the Greenback reversed and returned to the 18.05 area late on Friday.
The rate seems to be oversold; thus, a correction north is the most likely scenario during the following two sessions. The most probable upside target is the 100– and 200-hour SMAs, the weekly PP and the upper boundary of a two-month channel down circa 18.16. Bulls could lack the necessary strength to surpass this resistance cluster at this point and thus allow for the resumption of the bearish sentiment.