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• USD/MXN held steady on Monday as the dollar was underpinned by a relatively strong US economy and higher bond yields.
• Dollar also gained support following Congress' passage of spending legislation early Saturday, which helped avert a potential U.S. government shutdown.
• U.S. inflation data on Friday showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year.
• At GMT 16:15, the dollar was up 0.66% against the dollar Mexico's peso at 20.183
• Immediate resistance is located at 20.471 (23.6%fib), any close above will push the pair towards 20.587(Higher BB).
• Support is seen at 20.011(38.2%fib) and break below could take the pair towards 19.883(LowerBB).
Recommendation: Good to buy around 20.170, with stop loss of 20.000 and target price of 20.300
