• USD/MXN rose on Thursday as peso weakened as investors assessed the implications of U.S. President Donald Trump's new tariffs on auto imports.
• Trump announced a 25% tariff on imported vehicles, set to take effect a day after he unveils reciprocal tariffs targeting countries he claims drive the U.S. trade deficit..
• Attention remains on the April 2 deadline for U.S. reciprocal tariffs, though Trump suggested on Wednesday that the measures may differ from the like-for-like levies he previously promised.
• At GMT 15:29, the pair was trading up 1.09 percent at 20.315
• Immediate resistance is located at 20.342(38.2%fib), any close above will push the pair towards 20.591(23.6%fib).
• Support is seen at 20.153(50%fib) and break below could take the pair towards 19.965(61.8%fib).
Recommendation: Good to buy around 20.270, with stop loss of 20.100 and target price of 20.500
