• USD/ MXN dipped on Thursday as the U.S. dollar weakened driven by rising expectations of an upcoming Federal Reserve rate cut.
• The Fed is expected to reduce rates later this month, despite Chair Jerome Powell's comments on Wednesday suggesting the economy is stronger than the central bank had anticipated in September..
•Powell also signaled his support for a more gradual pace of interest rate cuts moving forward.
• At GMT 14:22, The dollar was down 0.37% against the dollar Mexico's peso at 20.215
• Immediate resistance is located at 20.431(38.2%fib), any close above will push the pair towards 20.599(Dec 2nd high).
• Support is seen at 20.192(50%fib) and break below could take the pair towards 20.082 (Lower BB).
Recommendation: Good to sell around 20.250, with stop loss of 20.350 and target price of 20.000


FxWirePro- Major Pair levels and bias summary
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: NZD/USD edges lower, remains on back foot
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: USD/CAD neutral in the near term, scope for further upside
JPY Major Currency Score
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro- Woodies Pivot (Major) 



