• AUD/ USD declined on Friday as the Australian dollar faced continued bearish pressure as investors anticipated more aggressive rate cuts by the RBA.
• Australia's economy grew by 0.3% on a quarterly basis for the three months ending in September, according to data released on Wednesday.
•The Australian dollar has also been affected by worries about China's economic difficulties and US President-elect Donald Trump's tariff threats.
• At GMT 05:53, The Aussie was trading down 0.38% to $0.6428, having shed 0.9% on Wednesday.
• Immediate resistance is located at 0.6481(50%fib), any close above will push the pair towards 0.6531(61.8%fib).
• Support is seen at 0.6415(23.6%fib) and break below could take the pair towards 0.6387(Lower BB).
Recommendation: Good to sell around 0.6430, with stop loss of 0.6570 and target price of 0.6350.
