• USD/MXN rose on Wednesday as peso continued to weaken as investors awaited President Trump's expected trade restrictions on U.S. partners.
• Investors focused on the reciprocal levies the White House plans to announce after the U.S. stock market closes, which Trump has dubbed America's "Liberation Day”.
• The second one-month pause on U.S. tariffs for Mexican and Canadian imports, in line with free trade rules, is set to expire later this week.
• At GMT 15:50, the pair was trading up 0.77 percent at 20.520
• Immediate resistance is located at 20.526(50%fib), any close above will push the pair towards 20.750(March 3rd high).
• Support is seen at 20.332(61.8%fib) and break below could take the pair towards 20.205(Feb 19th low).
Recommendation: Good to buy around 20.480, with stop loss of 20.200 and target price of 20.760
