• USD/MXN rose on Monday as peso weakened as investors weighed the repercussions of extensive U.S. tariffs.
• Over the weekend, Trump's announcement of tariffs on all nations sparked concerns about inflation, reduced demand, and a potential global economic slowdown.
• His comments contradicted previous suggestions of policy flexibility, adding to investor uncertainty.
• At GMT 15:36, the pair was trading up 0.49 percent at 20.450
• Immediate resistance is located at 20.459(50%fib), any close above will push the pair towards 20.5647(38.2%fib).
• Support is seen at 20.320(Daily low) and break below could take the pair towards 20.260(61.8%fib).
Recommendation: Good to buy around 20.430, with stop loss of 20.100 and target price of 20.650
