USD/MXN: Trading ranges while awaiting a breakout

• The USD/MXN pair continues to consolidate, now in a smaller range between 19.00 and 19.10. 
• The outlook points to a continuation of the move sideways. In the short-term, above 19.10, the pair could rise to test the critical resistance seen at 19.30, while below 19.00, 18.90 would be exposed. 

The support at 18.90 is key: not only an horizontal support but also where an uptrend line stands, so a break lower would signal a test of 18.75, with a strong potential to break lower. 
On the upside, a close on top of 19.30 would target 19.45/50. 

USD/MXN Daily Chart