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FxWirePro: USD/MXN hovering near key support, looking vulnerable

• USD/MXN hovered near key support on Friday as weak global investor sentiment persisted ahead of a U.S. tariff deadline.

• Mexico is among the most exposed to Trump's tariffs as other countries export less to the U.S. than they do to Asia.

• Trump signaled optimism about securing additional trade agreements, saying he anticipates “a couple” more deals following the recent pact with Vietnam. So far, only preliminary accords with China and the UK have materialized  

• Trading activity   remained subdued on Friday as U.S. financial markets were closed in observance of the July 4 Independence Day holiday.

• Technical highlight downside risks for USD/MXN, with momentum studies, 5, 10 and 11 DMAs tracking south.

•  Immediate resistance is located at 18.840 (Daily high), any close above will push the pair towards 18.944(SMA 20).

• Support is seen at 18.592(23.6%fib) and break below could take the pair towards 18.499(Lower BB).

Recommendation: Good to sell around 19.650 with stop loss of 19.900 and target price of 19.200

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