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FXWirePro: AUD/USD edges higher but outlook remains bearish

• AUD/USD steadied on Tuesday as Australian dollar was helped by a rebound in global risk appetite and higher commodity prices

• Australian Prime Minister Anthony Albanesesaid Trump agreed to consider exempting Australia from steel and aluminium tariffs after a constructive call.

•On the data front,  February's Australian consumer sentiment remained low, reassuring the Reserve Bank that consumers aren't spending aggressively to drive inflation..

•  At GMT 05:34, The Australian dollar  was last  trading up 0.02% to $0.6273. 

•  Immediate resistance is located at 0.6302(50%fib), any close above will push the pair towards 0.6323(Higher BB).

•  Support is seen at 0.6228 (38.2%fib) and break below could take the pair towards 0.6187 (Lower BB)

Recommendation: Good to sell  around 0.6290, with stop loss of 0.6360, and target price of 0.6220

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