• AUD/USD declined on Thursday as uncertainty over Trump’s changing tariffs approach boosted greenback.
• On Wednesday, Trump introduced the idea of a 25% reciprocal tariff on European cars and other goods, but also suggested a potential one-month delay on the planned heavy tariffs for imports from Mexico and Canada.
•On the data front, Australian business investment unexpectedly declined in the December quarter, with a slowdown in mining and construction offsetting growth in data centers, pointing to a slight drag on economic growth.
•Australian business investment unexpectedly declined in the December quarter, with a slowdown in mining and construction offsetting growth in data centers, pointing to a slight drag on economic growth.
• At GMT 05:16 The Australian dollar was last trading down 0.29% to $0.6287.
• Immediate resistance is located at 0.6348(61.8%fib), any close above will push the pair towards 0.6404(Higher BB).
• Support is seen at 0.6267 (50%fib) and break below could take the pair towards 0.6210(Lower BB)
Recommendation: Good to sell around 0.6290, with stop loss of 0.6360, and target price of 0.6240
