in ANALISA by hafid zaini

7640876 7/12/2017 5:19 PM, USD/MXN intraday: rebound towards 18.0770


Our pivot point stands at 17.8299.


Our preference

: rebound towards 18.0770.


Alternative scenario

: the downside breakout of 17.8299 would call for 17.7394 and 17.6855.


Comment

: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 17.9084 and 17.9372).


Supports and resistances

:

18.1849 **

18.1309 *

18.0770 **

18.0231

17.9010 last

17.8654

17.8299 **

17.7394 *

17.6855 **