USD/MXN – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 19.8339 is resistance

USD/MXN - Currency exchange rate forecast 23.08.2019: the downside prevails as long as 19.8339 is resistance

Our preference: the downside prevails as long as 19.8339 is resistance.

Our pivot point is at 19.8339.

Our preference: the downside prevails as long as 19.8339 is resistance.

Alternative scenario: the upside breakout of 19.8339, would call for 19.8979 and 19.9361.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 19.7973 and 19.7835).

Supports and resistances:

19.9361 **

19.8979 *

19.8339 **

19.8087

19.7800 last

19.6990

19.6609 **

19.6228 *

19.5846 **

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