• USD/MXN weakened on Thursday as the dollar edged down as markets absorbed a series of global central bank actions and the looming risk of a U.S. government shutdown.
• A government shutdown loomed over the U.S., after a spending bill backed by Trump failed in the House of Representatives on Thursday.
• On the data front, the Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, rose 0.1% in November, following an unrevised 0.2% increase in October.
• Immediate resistance is located at 20.304 (38.2%fib), any close above will push the pair towards 20.505(Dec19th high).
• Support is seen at 20.090(38.2%fib) and break below could take the pair towards 19.982 (Lower BB).
Recommendation: Good to sell around 20.200, with stop loss of 19.550 and target price of 19.950
