| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇗ |
The USD/MXN currency pair has been trading downwards since the middle of May after it failed to exceed the psychological level at 25.00.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages in the 21.78/22.05 range. Thus, some downside potential could prevail in the market. In this case the rate could gain support from the monthly S3 at 18.28.
Meanwhile, note that the currency pair would have to surpass the monthly S1 and S2, located at 21.16 and 20.14 respectively. Thus, a reversal north could occur, and the pair could re-test the 25.00 level.