| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Bullish momentum has guided the USD/MXN exchange rate since mid-April, thus allowing the pair to strengthen from 18.00 to 19.60 within a couple of weeks. The pair has since lost some positions, and breached a dominant wedge pattern on Thursday.
The US Dollar was testing the 19.20 mark at the time of this analysis. This area is reinforced by the 200-hour and 55-period (4H) SMAs and the 61.80% Fibonacci retracement.
From theoretical point of view, a breakout from this wedge should result in a period of decline. Technical indicators, however, are bullish for the next two weeks. Possible upside targets for the pair are the weekly R1 and the 55– and 100-hour SMAs at 19.50 or the monthly R2 at 19.80. The 2017/2018 high and the upper boundary of a one-year channel are likewise located nearby at 19.90 and 20.20, respectively. The nearest support is the weekly PP at 19.06.