FxWirePro: USD/MXN short-term bearish bias builds, good to sell on rally

• USD/MXN dipped on Tuesday  as investors assessed the impact of the ongoing trade tensions and President Trump's renewed attacks on the Federal Reserve.

• Trump intensified his criticism of Fed Chair Powell on Monday, calling him a "major loser" and demanding immediate rate cuts to avoid an economic slowdown..

• Trump’s remarks have deepened investor uncertainty, adding to concerns stirred by his erratic policy moves and inconsistent tariff signals, which many fear could destabilize global trade.

• The Fed’s key role in guiding global monetary policy is now in question, as doubts over its independence add new tension to the ongoing trade war sparked by Trump..

 • At GMT 15:43 the pair was trading up  0.68 percent  at 19.571

•  Immediate resistance is located at 19.734(Daily high), any close above will push the pair towards 20.807(38.2%fib).

• Support is seen at 19.544 (23.6%fib) and break below could take the pair towards 19..402(Lower BB).

Recommendation: Good to sell around 19.600, with stop loss of 19.800 and target price of 19.000