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FxWirePro: USD/MXN positions for another climb, eyes 20.650 level

• 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

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