• AUD/USD strengthened on Monday as broad weakness in the US dollar continued boosted Australian dollar.
•On April 2, U.S. President Donald Trump announced "reciprocal tariffs" on many countries, escalating the trade conflict with China despite pausing some levies.
•Trump's tariffs and trade policy uncertainty have rattled markets, hurt the economy U.S. outlook, and weakened the dollar as investors pull out.
• Trading was thinned with markets in Australia and Hong Kong closed for Easter Monday.
• At GMT 05:40, the Australian dollar was trading higher 0.77% at $0.6423 against US dollar.
• Immediate resistance is located at 0.6427(Daily high), any close above will push the pair towards 0.6497(23.6%fib).
• Support is seen at 0.6360(38.2%fib) and break below could take the pair towards 0.6258(50%fib).
Recommendation: Good to buy around 0.6400with stop loss of 0.6360 and target price of 0.6490
