• USD/MXN dipped on Thursday as investors assessed trade war risks and any developments on the tariff front..
• The unexpected 90-day tariff truce announced by President Donald Trump has done little to lift the U.S. outlook, as escalating tensions with China continue to weigh on business sentiment.
• The tariff tussle, fueled by the unpredictability of U.S. President Donald Trump's policy pivots, has traders on edge, worried about the ripple effects on global economic growth.
• Mexico's peso firmed 0.44%, last at 19.744 against the dollar and was on track for its biggest weekly rise since January.
• Immediate resistance is located at 19.943(Daily high), any close above will push the pair towards 20.072(50%fib).
• Support is seen at 19.733(23.6%fib) and break below could take the pair towards 19.620(Lower BB).
Recommendation: Good to sell around 19.800 with stop loss of 20.400 and target price of 19.200
