• USD/MXN declined on Thursday as peso strengthened as traders expecting more news on the tariff front from U.S. President Donald Trump..
• The currency has gained about 1.6% so far this week as traders digest prospects of 25% tariffs to exports to the United States, which might be coming Feb 1.
• On the data front, Mexico’s annual inflation rate eased to its lowest level in nearly four years during the first half of January, strengthening expectations of further rate cuts.
The Mexican peso lost more than 20% of its value last year, marking its largest annual decline against the U.S. dollar in 16 years.
• Immediate resistance is located at 20.629(38.2%fib), any close above will push the pair towards 20.855(23.6%fib).
• Support is seen at 20.263(50%fib) and break below could take the pair towards 20.178(Lower BB).
Recommendation: Good to buy around 20.300, with stop loss of 20.100 and target price of 20.600


Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro- Woodies pivot (Major) 



