• AUD/USD edged lower on Tuesday as global trade war concerns affected investor sentiment.
• Domestic data remains limited, leaving global economic events, geopolitics, and trade developments as the primary market drivers.
• Investors await U.S. Consumer Price Index (CPI) data due later in the day to analyse the Fed's interest rate stance going forward this year.
• At GMT 06:09, The Australian dollar was last trading down 0.14% to $0.6289.
• Immediate resistance is located at 0.6307(50%fib), any close above will push the pair towards 0.6368(61.8%fib).
• Support is seen at 0.6246 (38.2%fib) and break below could take the pair towards 0.6192(Lower BB).
Recommendation: Good to buy around 0.6270, with stop loss of 0.6200 and target price of 0.6360
