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• USD/MXN fell on Monday as investors gauged the path of U.S. interest rates and how long a temporary reprieve from U.S. President Donald Trump's tariffs could last..
• On Friday, Trump reiterated tariff threats, announcing that levies on automobiles would begin on April 2, marking the latest in a series of trade actions since his second term began.
• Attention also shifted to talks regarding the Ukraine war, with U.S. Secretary of State Marco Rubio stating on Sunday that Kyiv and Europe would be involved in any "real negotiations" to end Russia's conflict in Ukraine.
• At GMT 17:56, the pair was trading down 0.10% at 20.265.
• Immediate resistance is located at 20.427(Daily high), any close above will push the pair towards 20.524(38.2%fib).
• Support is seen at 20.24(23.6%fib) and break below could take the pair towards 20.167(Lower BB).
Recommendation: Good to sell around 20.365, with stop loss of 20.700 and target price of 20.000
