• USD/ MXN declined on Friday as Mexican peso continued to strengthened on hopes of easing Mexico-U.S. tensions.
• Investors have been weighing up Trump's policies on trade, tariffs and immigration, which could ignite a global trade war and push up inflation in the United States.
.• Trading activity is expected to be subdued due to a holiday-shortened session in the United States, where markets were also closed on Thursday for the Thanksgiving holiday.
• At GMT 16:06, Mexico's peso was down 0.63% against the dollar, lowest since Nov 17th
• Immediate resistance is located at 20.636 (23.6%fib), any close above will push the pair towards 20.698 (Higher BB).
• Support is seen at 20.367(38.2%fib) and break below could take the pair towards 20.161(50%fib).
Recommendation: Good to buy around 20.200, with stop loss of 20.000 and target price of 20.600
