The USD/MXN has risen by more than 5,900 pips on tariff threats

The USD/MXN has risen by more than 5,900 pips on tariff threats

 President Donald Trump announced the 5% tariffs on Mexican goods until the country stops immigrants from entering the US. The tariffs will be applied on June 10. The tariffs could rise to 25% on October 1.

The USD/MXN has risen above the resistance at 19.67. The next resistance lies at 19.97. On the flipside, bears need to pull the pair below the 19.3686, 19.2618 and 19.1417 pivot levels to take back their strength. The support lies at 19.0349.

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