• AUD/USD strengthened on Monday as weak U.S. macro data from late last week impacted the US dollar.
• Looking Ahead, Australia's January CPI on Wednesday will influence RBA policy expectations after last week's rate cut, with Q4 CAPEX data due Thursday.
• Investors are also closely monitoring the potential for a trade deal between Washington and Beijing after top officials held a phone call on Friday..
• At GMT 06:07 The Australian dollar was last trading up 0.31% to $0.6376.
• Immediate resistance is located at 0.6413(38.2%fib), any close above will push the pair towards 0.6439(Higher BB).
• Support is seen at 0.6337 (50%fib) and break below could take the pair towards 0.6273(61.8%fib)
Recommendation: Good to buy around 0.6360, with stop loss of 0.6300, and target price of 0.6410
