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• AUD/USD steadied around 0.6260 on Wednesday as investors awaited efforts by China and the U.S. to defuse their escalating trade war.
• China hit U.S. imports with tariffs in response to new U.S. duties, while Trump said he’s not in a hurry to talk to Xi.
•Currency market volatility eased on Wednesday after a turbulent start to the week following Trump's steep tariffs on key U.S. trading partners.
• At GMT 06:46, The Australian dollar was last trading up 0.18% to $0.6257.
• Immediate resistance is located at 0.6298(50SMA), any close above will push the pair towards 0.6317(50%fib).
• Support is seen at 0.6219 (38.2%fib) and break below could take the pair towards 0.6000 (23.6%fib)
Recommendation: Good to sell around 0.6280, with stop loss of 0.6360, and target price of 0.6220
