• AUD/USD steadied on Thursday as talk of a possible pause in the Russian-Ukraine war boosted risk sentiment
• Risk sentiment improved after President Donald Trump proposed a ceasefire between Russia and Ukraine, along with the possibility of peace talks. This news triggered a bounce in stocks, while the U.S. dollar gave back some of its recent gains.
•Tariffs continued to be a point of contention, with Trump indicating that he might sign reciprocal levies on Wednesday or Thursday.
• At GMT 05:34, The Australian dollar was last trading up 0.23% to $0.6292.
• Immediate resistance is located at 0.6320(38.2%fib), any close above will push the pair towards 0.6349(Higher BB).
• Support is seen at 0.6268 (50%fib) and break below could take the pair towards 0.6221 (61.8%fib)
Recommendation: Good to buy around 0.6290, with stop loss of 0.6220, and target price of 0.6350
