FxWirePro: AUD/USD edges higher but bearish outlook persists

• AUD/USD edged higher but gains were limited as investors waited for news on U.S.-China trade talks.

• Investors are also closely monitoring the progress of U.S.-China trade talks, with officials from both countries set to meet this week in Malaysia.

• Trump said on Monday that he expects to reach a fair trade deal with Chinese President Xi Jinping, whom he plans to meet in South Korea next week.

• Investors also looked forward to the release of the September U.S. consumer price index report on Friday for more cues on the Federal Reserve's interest rate-cut path.

•Technical signals are    bearish as RSI is   at 43, daily momentum studies 14and 21 DMAs are trending down.

• Immediate resistance is located at 0.6525 (Oct 25th high), any close above will push the pair towards 0.6548 (38.2%fib).

• Support is seen at 0.6476(61.8%fib) and break below could take the pair towards 0.6448(Lower BB).

 Recommendation: Good to sell around 0.6510, with stop loss of 0.6600 and target price of 0.6430