• AUD/USD gained some upward traction on Tuesday as traders assessed whether President-elect Donald Trump's tariffs would be less aggressive than promised.
• The greenback weakened after a Washington Post report suggested Trump's aides were considering tariffs limited to sectors deemed critical to U.S. national or economic security.
• Looking ahead, markets will focus on Australian consumer price data on Wednesday will shape Q4 forecasts, potentially influencing the RBA's February rate decision.
• At (GMT 05:45)The pair was last trading up 0.2 percent at 0.6260, having rallied 0.5% overnight to as high as $0.6302.
• Immediate resistance is located at 0.6284(38.2%fib), any close above will push the pair towards 0.6354 (50%fib).
• Support is seen at 0.6189 (23.6%fib) and break below could take the pair towards 0.6128 (Lower BB)
Recommendation: Good to buy around 0.6260, with stop loss of 0.6160, and target price of 0.6350
