| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The USD/MXN exchange rate has been trading along the lower boundary of the long-term descending channel since the middle of December.
From a theoretical point of view, it is likely that a reversal north could occur in the nearest future, as the currency pair should target the upper channel line located circa the 19.40 mark. Note that the pair could face the resistance level—the Fibo 38.20% at 19.21.
However, note that the exchange rate is pressured by the 55– and 100-period SMAs (4H time-frame chart). Thus, the rate could continue to trade along the lower channel line. If the given trend does not hold, a breakout south could occur within the following trading sessions.