FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
• USD/ MXN rose sharply on Tuesday as the dollar's rallied after U.S. President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico.
• Trump, who is set to take office on January 20, 2025, announced he would impose a 25% tariff on imports from Canada and Mexico unless they take action to curb drugs and migrants crossing the border—a move that could potentially violate existing free-trade agreements.
.• Investors now await the release of minutes from the Federal Reserve's November meeting, the odds of a 25-basis point rate cut in December currently stand at almost 60%.
.•Mexico's central bank (Banxico) policy meeting are set to be released on Thursday. At GMT 12:19, Mexico's peso was up 0.82% at 20.499 against the dollar.
• Immediate resistance is located at 20.536 (23.6%fib), any close above will push the pair towards 20.761 (Daily high).
• Support is seen at 20.286(38.2%fib) and break below could take the pair towards 20.080 (50%fib).
Recommendation: Good to buy around 20.400, with stop loss of 20.200 and target price of 20.650
