FxWirePro: AUD/USD declines as trade tariff Concerns dent risk appetite

• AUD/USD slipped lower on Friday as concerns over the economic impact of Trump’s aggressive global trade tariffs weighed on the risk-sensitive Australian dollar.

•Global policymakers remained cautious during a week of central bank meetings, with the Fed, BOJ, and BOE all holding rates steady amid rising uncertainty.

• looking ahead , Australia's government will release the federal budget on Tuesday, prioritizing cost-of-living relief ahead of the May election, with a return to deficit expected after two rare surpluses..

• February's monthly inflation data is set for release on Wednesday, with forecasts predicting a 2.5% annual increase.

• At GMT 05:55, The Australian dollar  was last  trading down  0.24% to $0.6287

•  Immediate resistance is located at 0.6348 (50%fib), any close above will push the pair towards 0.6391(March 17th high).

•  Support is seen at 0.6265(38.2%fib) and break below could take the pair towards 0.6193(Lower BB).

 Recommendation: Good to sell around 0.6300, with stop loss of 0.6380 and target price of 0.6250