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• USD/ MXN dipped on Monday as dollar slipped on Yuan strengthened as China signaled more stimulus.
• Chinese leaders indicated they will increase fiscal spending and intensify extraordinary policy adjustments to stimulate economic growth.
• The comments were made ahead of the upcoming Central Economic Work Conference, where key targets and policy plans for the next year will be set.
• At GMT 16:41, The dollar was down 0.08% against the dollar Mexico's peso at 20.156
• Immediate resistance is located at 20.389 (38.2%fib), any close above will push the pair towards 20.611(Dec 2nd high).
• Support is seen at 20.103(50%fib) and break below could take the pair towards 19.193 (LowerBB).
Recommendation: Good to sell around 20.170, with stop loss of 20.300 and target price of 20.000
