• USD/MXN edged higher on Tuesday as dollar recovered some ground as investors shrugged off tariff tensions and awaited Friday’s key U.S. jobs data.
• On the data front, U.S. job openings rose in April, but increased layoffs pointed to a cooling labor market amid rising tariff concerns.
• Looking ahead, investors are closely watching the upcoming U.S. May employment report, scheduled for release on Friday.
•Economists expect the U.S. economy added 130,000 jobs last month, with the unemployment rate standing pat at 4.2%.
• The labor market's performance is under scrutiny amid ongoing trade tensions and recent tariff implementations, which have introduced economic uncertainties.
• Immediate resistance is located at 19.427(38.2%fib), any close above will push the pair towards 19.599 (50%fib).
• Support is seen at 19.195(23.6%fib) and break below could take the pair towards 19.098(Lower BB).
Recommendation: Good to sell around 19.300 with stop loss of 19.550 and target price of 19.000
