• USD/MXN steadied on Thursday as investors assessed global trade tensions and uncertainties surrounding U.S. monetary policy.
• The threat of US tariffs, particularly with China, has heightened market volatility and raised concerns about Mexico's export-dependent economy.
• Mexico's central bank monetary policy decision is due on Thursday, a Reuters poll showed economists expect the institution to cut benchmark interest rates by 50 basis points, taking it to 9.50%.
• At GMT 15:00, the pair was trading down 0.09% at 20.557
• Immediate resistance is located at 20.630(38.2%fib), any close above will push the pair towards 20.863(Higher BB).
• Support is seen at 20.398(50%fib) and break below could take the pair towards 20.294(Lower BB).
Recommendation: Good to buy around 20.500 with stop loss of 20.000 and target price of 20.800
