• AUD/USD edged higher on Monday as optimism over easing U.S.-China trade tensions lifted market sentiment.
• On Sunday, U.S.-China trade talks wrapped up with both sides expressing optimism.Washington pointed to a deal to cut the trade deficit, while Beijing cited a key consensus achieved.
• Investors are hopeful that the White House will soon reduce the 145% tariff on Chinese goods, even if only to the 60% level initially proposed by President Donald Trump.
•Meanwhile, easing of global trade tensions led investors to adjust their expectations, scaling back predictions for domestic interest rate cuts.
The Reserve Bank of Australia is still expected to implement a quarter-point reduction in the current 4.10% rate next week, although the prospect of a larger cut has become considerably less probable.
• Immediate resistance is located at 0.6452(22d April high), any close above will push the pair towards 0.6499(23.6%fib).
• Support is seen at 0.6393(38.2%fib) and break below could take the pair towards 0.6310(Lower BB).
Recommendation: Good to buy around 0.6410 with stop loss of 0.6360 and target price of 0.6500


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro- Major European Indices 



