• USD/MXN strengthened on Friday as dollar rebounded as late Thursday following Trump’s remarks.
• Trump said on Thursday he still is considering an additional 10% tariff on Chinese imports to punish Beijing for its part.
• Trump set a Saturday deadline for tariffs, demanding Canada and Mexico curb illegal immigration and fentanyl flow into the U.S.
• Mexican President Claudia Sheinbaum warned of retaliation, stating that Trump’s tariffs would cost 400,000 U.S. jobs and raise prices for American consumers.
• At GMT 12:25, the pair was trading up 0.12% at 20.710.
• Immediate resistance is located at 20.802(23.6%fib), any close above will push the pair towards 21.002(Higher BB).
• Support is seen at 20.551(38.2%fib) and break below could take the pair towards 20.358 (50%fib).
Recommendation: Good to buy around 20.650, with stop loss of 20.300 and target price of 21.000
