• AUD/USD edged lower on Tuesday as dollar strengthened after President Donald Trump threatened to slap tariffs on a range of goods including copper and steel.
• In a speech to Republican lawmakers on Monday, Trump announced plans to impose tariffs on aluminum, copper, and steel metals essential for producing U.S. military hardware to encourage domestic production.
• Focus shifts to Australia's December and Q4 CPI releases on Wednesday, which is key for shaping expectations around the Reserve Bank of Australia’s rate decisions..
• At GMT 05:51, the pair was trading down 0.60% at 0.6254
• Immediate resistance is located at 0.6325(50%fib), any close above will push the pair towards 0.6390(61.8%fib).
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• Support is seen at 0.6250(38.2%fib) and break below could take the pair towards 0.6166(23.6%fib).
Recommendation: Good to sell around 0.6260 with stop loss of 0.6330 and target price of 0.6200
