• 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
