| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
During the beginning of March, the USD/MXN currency pair jumped to the resistance level—the monthly R3 at 21.54. Currently, the pair is testing the given resistance.
If the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could gain support from the Fibo 23.60% at 18.55.
On the other hand, the exchange rate could remain supported by the 55-, 100– and 200-hour SMAs in the 20.00 area and continue to trade upwards.