• USD/MXN extended downside on Tuesday as U.S. dollar weakened on Federal Reserve's caution over the US economy
• U.S. Federal Reserve officials on Monday addressed the recent U.S. credit rating downgrade and volatile market conditions with caution, emphasizing the challenges of steering monetary policy amid ongoing economic uncertainty.
• On Friday, Moody’s downgraded the U.S. government’s credit rating by one notch, citing growing concerns over rising deficits and unsustainable interest costs. It was the final major ratings agency to strip the U.S. of its top-tier sovereign credit rating.
• Investors awaited further comments from Federal Reserve officials, with traders currently expecting at least two 25-basis-point rate cuts from the Fed by the end of 2025.
• Immediate resistance is located at 19.633(38.2%fib), any close above will push the pair towards 19805(Higher BB).
• Support is seen at 19.230(Lower BB) and break below could take the pair towards 19.127(23.6%fib).
Recommendation: Good to sell around 19.300 with stop loss of 19.600 and target price of 19.100


FxWirePro- Major Crypto levels and bias summary
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges higher but maintains bearish bias 



