• 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
