USD/MXN Technical Analysis: More gains seen if holds above 19.25

• The US dollar is rising sharply again (like Friday) against emerging market currencies, including the Mexican peso. 
• The USD/MNX jumped above 19.30 and also on top of the 20-day moving average and an uptrend line. 
• A consolidating on top of 19.30 would signal more gains ahead, with a possible target at 19.45. If the rally extends above attention would turn to the 19.60 area. 
• The rally of more than 3% from last week lows could be overextended, so some consolidation seems likely before another leg higher while supported above 19.25.
• On the flip side, a retreat back below 19.15 would change the current bullish tone, while a close under 19.00 could expose 18.85 and 2019 lows. 

USD/MXN Daily Chart