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FxWirePro: USD/MXN consolidating around 20.365, bias is bullish

• USD/MXN steadied around 20.365 on Tuesday, following relief from U.S. President Donald Trump's decision to temporarily suspend tariffs on Mexico and Canada.

• Trump granted Mexico and Canada a 30-day exemption from tariffs after the countries reached border security agreements.

• USD/MXN recovered back from significant losses during a volatile session on Monday.

• Markets will be closely watching for any shifts in Mexico's monetary policy stance amid the tariff backdrop, as the central bank holds its meeting later in the week.

•  Immediate resistance is located at 20.708(38.2%fib), any close above will push the pair towards 20.935(Higher BB).

• Support is seen at 20.321(50%fib) and break below could take the pair towards 20.147(Lower BB).

Recommendation: Good to buy  around 20.300 with stop loss of 20.000 and target price of 20.800

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