:The Mexican Peso (MXN) is weakening against the US Dollar (USD) just before the start of the US session, while the Greenback attempts to regain strength. As markets return to normal after the Memorial Day weekend in the US, there is a temporary halt in the bond market sell-off. Despite a slight decrease in risk sentiment and a minor setback for the Mexican Peso, the USD/MXN pair remains steady in a narrow range. Currently, the emerging market duo is on a downward path, following a decline in April. However, a small recovery has pushed it closer to trendline resistance at 19.29. Attention is now on the US Durable Goods Orders report for April, which will be released on Tuesday. This indicator measures the new orders placed with US manufacturers for long-lasting goods, providing an idea of industrial activity. It is expected that there will be a significant decrease in US Durable Goods Orders in April, with a projected 7.9% drop compared to the 9.2% rise that was seen in March. This could reflect the effects of trade-related disruptions. The US Conference Board will also release its Consumer Confidence Index for May, which will provide more insight into the economic outlook of Americans in the face of fiscal and geopolitical uncertainties. Federal Reserve Bank of Minneapolis President Neel Kashkari has added to the positive outlook by stating that in moments of uncertainty, it is best for policymakers to take time to gather information before making decisions. This reflects the Fed’s stance that interest rates will likely remain the same until the full impact of the recent tariffs is clearer. The USD/MXN pair is currently in a downtrend, with the 10-day Simple Moving Average acting as resistance at 19.33. After reaching a new yearly low below 19.20 on Monday, there has been a slight recovery for the US Dollar, with the pair reaching trendline resistance from the April decline at 19.29. While the market is still showing signs of bearish momentum, the Relative Strength Index (RSI) indicates that it is not yet oversold with a reading of 36.47. If the downward trend continues, the level to watch is 19.11, the October low. Any rally would need to surpass 19.47 to change the short-term sentiment.