FxWirePro: USD/MXN firms ahead of key geopolitical events and U.S. inflation data

• USD/MXN firmed  on Monday as dollar firmed ahead of big week for geopolitics and economic data.

• The U.S. tariff deadline imposed on China, which is scheduled to expire this coming Tuesday, is widely anticipated to be extended once again..

•U.S. President Donald Trump and Russian President Vladimir Putin are scheduled to meet in Alaska on Friday to discuss potential steps toward ending the ongoing conflict in Ukraine.

•The key economic release this week is the U.S. consumer price index (CPI) report due on Tuesday. Analysts anticipate that the impact of tariffs will push core inflation up by 0.3% month-over-month, driving the annual rate to around 3%, which remains above the Federal Reserve’s 2% target.

• At GMT 17:27,the dollar   was down 0.57 % at 18.667 against Mexican peso.

•  Immediate resistance is located at 18.706(SMA 20), any close above will push the pair towards 18.881(38.2%fib).

• Support is seen at 18.478(23.6%fib) and break below could take the pair towards 18.416(Lower BB).

Recommendation: Good to buy around 18.700 with stop loss of 18.400 and target price of 19.100