| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The US Dollar has been appreciating against the Mexican Dollar since the middle of January. This movement has been bounded in the ascending channel.
Currently, the currency pair is testing the upper channel line at 19.60. From a theoretical point of view, the exchange rate should reverse south and target the lower trend line located in the 19.15/19.25 range.
However, if given channel does not hold, a breakout north occurs within following trading sessions. Potential upside target is the psychological level at 20.00. Important resistance level to look out for is the Fibonacci 50.00% retracement at 19.75.