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FxWirePro: USD/MXN maintains bullish bias with focus on 20.800

• USD/MXN rose  on Monday as investors assessed the impact of U.S. President Donald Trump's new tariff threats on global trade.

• Trump announced over the weekend a 25% tariff on all steel and aluminum imports into the U.S., shaking economies like Canada, Mexico, and Brazil that export steel to the country..

• Markets brace for volatility with each Trump announcement, amid concerns over retaliatory measures and uncertainty for emerging market assets.

• At GMT 16:38, the pair was trading up 0.68% at 20.677

•  Immediate resistance is located at 20861 (38.2%fib), any close above will push the pair towards 20.883(Higher BB).

• Support is seen at 20.510(50%fib) and break below could take the pair towards 20.259(Lower BB).

Recommendation: Good to buy  around 20.630 with stop loss of 20.450 and target price of 20.800

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