On daily USDMXN chart you can see growing demand pressure. The quotes are in area of resistance at 19.20. You can see response of bears and correction of recent increases. Strong support from this time perspective is in area of psychological level 18.85. It is worth to look at the chart with a lower time perspective.
On H1 chart you can see a bullish channel that is respected by the market for a long time. Correction of growth created flag formation. Currently the price is on support which links ribbon of avarages, lower limit of channel and flag limitation. Probably in this area will be observed reaction of bulls side. The pro-growth price formation will increase chances for further increases.
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