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• USD/MXN rose on Friday as peso remained weak after U.S. President Donald Trump's latest volley of tariffs.
• Markets have remained on edge, awaiting further clarity from Trump following his announcement of tariffs on automotive imports
• The focus is now on the U.S. reciprocal tariffs set to be announced on April 2, with Trump suggesting that the measures may differ from the exact like-for-like levies he had previously promised.
• At GMT 17:43, the pair was trading up 0.55 percent at 20.409
• Immediate resistance is located at 20.433(50%fib), any close above will push the pair towards 20.618(38.2%fib).
• Support is seen at 20.254(61.8%fib) and break below could take the pair towards 20.094(March 27th low).
Recommendation: Good to buy around 20.380, with stop loss of 20.300 and target price of 20.500
