FxWirePro: USD/MXN edges higher, but bearish sentiment persists

• USD/MXN strengthened  on Tuesday  as investors assessed  the implications of the White House's plans to soften the impact of auto tariffs.

• The Trump administration announced plans to reduce tariffs on foreign auto parts used in U.S.-made vehicles, aiming to ease the impact of its automotive trade policies.

• The move is intended to prevent further strain from new auto tariffs by easing duties on foreign parts used in U.S. vehicles, officials said.

• On the data front, US consumer confidence fell more than anticipated, and job openings dropped by 3.9% on the economic front.

•  Immediate resistance is located at 19. 725 (38.2%fib), any close above will push the pair towards 19. 946 (50.%fib).

• Support is seen at 19. 468 (23.6%fib) and break below could take the pair towards  19.228 (Lower BB).

Recommendation: Good to sell around 19. 600, with stop loss of 19. 900 and target price of 19.200