| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/MXN currency pair has been trading sideways between the 19.10 level and the Fibonacci 38.20% retracement at 19.21 since last Monday.
Given that the pair is pressured by the 55-, 100– and 200-hour moving averages, it is likely, that some downside potential could prevail in the market. In this case, the exchange rate could decline to the support level - the monthly S1 at 19.00.
If the given support holds, a reversal north could occur. Otherwise, the rate could continue to go downwards.
From a technical perspective, it is unlikely, that the US Dollar could exceed the 19.42 mark due to the resistance of the monthly PP.