FxWirePro: USD/MXN pulls back from lows as trade anxiety recedes

• USD/MXN recovered from six month low  on Wednesday   as dollar firmed as trade‑war fears eased and President Trump dropped talk of ousting Fed Chair Powell, calming investors.

• Traders found relief as Trump eased his criticism of the U.S. Federal Reserve, a key driver of global monetary policy.

•Trump and U.S. Treasury Secretary Scott Bessent separately hinted at a potential de-escalation in U.S.-China trade tensions, suggesting any deal could significantly reduce tariffs.

• Markets have been concerned this week over the Fed's independence after Trump criticized Powell for not cutting rates since January.

• At GMT 16:52, the pair was trading up  0.15 percent  at 19.620

•  Immediate resistance is located at 19.776(38.2%fib), any close above will push the pair towards 19.937(April 17th high).

• Support is seen at119.472 (23.6%fib) and break below could take the pair towards 19.302(Lower BB).

Recommendation: Good to sell  around 19.700, with stop loss of 20.000 and target price of 19.300