| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The USD/MXN currency pair continued to trade within the falling wedge pattern.
Currently, the pair is testing the upper pattern boundary located circa the 19.24 mark. From a theoretical point of view, the exchange rate should reserve south and target the lower triangle line located at 18.76.
However, note, that the rate is supported by 55-, 100– and 200-hour moving averages. Thus, if the given pattern does not hold, it is likely, that some upside potential prevails in the market. In this case the pair could surpass the monthly R1 at 19.30 and reach the psychological level at 19.45.