• USD/MXN strengthened on Friday as investors digested US payrolls data and dovish Banxico's policy verdict
• The Labor Department report showed the U.S. economy added 143,000 jobs in January, below the expected 170,000. The unemployment rate stood at 4%, better than the anticipated 4.1%.
• Banxico announced a 50-basis-point cut to its benchmark interest rate, lowering it to 9.5%. This marks a faster pace in its easing cycle, with the central bank indicating potential future cuts as inflation continues to cool.
• On the data front, Mexico's annual inflation rate slowed to 3.59% in January, slightly more than anticipated, according to official data.
• At GMT 17:48, the pair was trading up 0.68% at 20.590.
• Immediate resistance is located at 20.675 (50%fib), any close above will push the pair towards 20.975Higher BB).
• Support is seen at 20.385(50%fib) and break below could take the pair towards 20.194(Lower BB).
Recommendation: Good to buy around 20.500 with stop loss of 20.215 and target price of 20.900


FxWirePro:USD/JPY hovers near 40-year, bias bullish
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
FxWirePro: GBP/USD falls as investors assess Britain's political transition
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
Major Pairs Action Bias: NZDUSD Turns Extremely Bullish as EURUSD Stays Bearish – AUDUSD Emerges as Key Bullish Pair to Watch
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs
FxWirePro- Woodies pivot (Major)
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
JPY Action Bias: Bullish Winds Strengthen – NZDJPY Leads the Charge as Top Pair to Watch 



