• USD/MXN rose on Thursday as the dollar strengthened, with uncertainty sparked by U.S. President Donald Trump's unclear statements regarding tariffs on Europe and delays on tariffs for Canada and Mexico.
• Trump also indicated that the 25% tariffs on Mexican and Canadian goods could be implemented on April 2, instead of the originally set deadline of March 4.
• However, a White House official clarified that the March 4 deadline for tariffs was still in effect as of this moment, pending Trump's review of Mexico's and Canada's actions to secure their borders.
• At GMT 15:30, The greenback was last trading up 0.29% to 20.478 against Peso.
• Immediate resistance is located at 20.583 (50%fib), any close above will push the pair towards 20.672(Higher BB).
• Support is seen at 20.305 (61.8%fib) and break below could take the pair towards 20.246(Lower BB)
Recommendation: Good to buy around 20.450 with stop loss of 20.200 and target price of 20.650
