| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The USD/MXN currency pair has been trying to surpass the resistance level formed by the Fibonacci 38.20% retracement at 19.21 since the beginning of June.
Currently, the pair is testing the given resistance level. If it holds, it is expected, that a reversal south could occur in the nearest future. However, note, that the exchange rate could face the support of the lower boundary of the long-term ascending channel circa 18.95.
Note, that the rate is supported by the 55-, 100– and 200-hour SMAs, currently located at 19.10. Thus, the pair could surpass the given resistance and extend gains. Important resistance level to look out for is the weekly R2 at 19.32.