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• USD/MXN eased slightly on Thursday as investors remained cautious ahead of the looming U.S. tariff deadline.
• The looming tariffs, part of President Trump's aggressive trade policy push, have heightened uncertainty in global markets, prompting a shift away from riskier assets.
• Key focus remains on any developments from Washington, which could quickly shift sentiment and drive volatility in the pair.
• Markets now await Friday’s non-farm payrolls and the looming tariff deadline, as President Trump rules out extending trade talks for countries falling behind.
. • At GMT 16:22 ,the dollar was down 0.30 % at 18.810 against Mexican peso.
• Immediate resistance is located at 18.919(Higher BB), any close above will push the pair towards 19.041(38.2%fib).
• Support is seen at 18.695 (SMA 20) and break below could take the pair towards 18.512 (23.6%fib).
Recommendation: Good to buy around 18.750 with stop loss of 18.400 and target price of 19.100
