• USD/MXN dipped slightly on Wednesday as higher commodity prices benefited Mexican peso.
• Gold surged past $4,000 an ounce for the first time as investors sought a safe haven amid escalating geopolitical uncertainty..
• Copper prices edged higher as traders monitored potential supply disruption risks..
• Oil prices rose about 1%, holding firm as traders looked past oversupply concerns after OPEC+ moved to curb production increases.
• Meanwhile, trade tensions drew attention after U.S. President Donald Trump signaled on Tuesday that he is unlikely to fully commit to the USMCA, the North American trade pact with Mexico, which is set for review in 2026.
• Immediate resistance is located at 18.388(38.2%fib), any close above will push the pair towards 18.466(Higher BB).
• Support is seen at 18.275(Lower BB) and break below could take the pair towards 18.211(23.6%fib).
Recommendation: Good to buy around 18.300 with stop loss of 18.100 and target price of 18.600
