• The USD/MXN steadied on Friday as the dollar remained firm heading into the weekend.
• This week, major central banks, including the Fed, Bank of England, and Bank of Japan, kept interest rates unchanged as they evaluated the economic impact of Trump’s trade tariffs on global partners.
• Uncertainty over U.S. trade policy and fears of a slowdown in the American economy have fueled volatility in global markets.
•Investors are now closely watching for clarity on Trump’s April 2 reciprocal tariffs, as uncertainty persists over their scope and impact.
• At GMT 16:15, the pair was trading down 0.35% at 20.278
• Immediate resistance is located at 20.273(38.2%fib), any close above will push the pair towards 20.402(March 12th high).
• Support is seen at 20.105(50%fib) and break below could take the pair towards 19.931(61.8%fib).
Recommendation: Good to buy around 20.100, with stop loss of 20.000 and target price of 20.400
