| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar has appreciated substantially against the Mexican Peso during the past three weeks. The pair managed to reach a five-month high at 18.84 on Tuesday evening. Subsequently, the Greenback edged lower and breached the diminishing trading range apparent since early October.
The given currency managed to move below a strong support cluster formed by the monthly R2, weekly R1 and the 55-hour SMA. These factors suggest a possible downside momentum that could push the rate towards the lower channel boundary circa 18.60/65.
A breakout of this line should be followed by a fall down to the weekly PP and the 200-hour SMA near 18.40.