FxWirePro: AUD/USD loses momentum but bullish setup remains

•AUD/USD eased slightly on Tuesday as investors assessed the economic risks of rising global trade tensions.

• This week, central banks in the U.S., Britain, and Japan meet with no policy changes expected, but rising trade tensions add uncertainty.

• Australia's central bank stated on Tuesday that it remains more cautious than markets on further policy easing, following its first rate cut in over four years last month.

• The Reserve Bank of Australia (RBA) lowered interest rates by 25 basis points to 4.1% in its February meeting, citing the need to stay in line with other central banks that had already begun easing.

• At GMT 06:13, The Australian dollar  was last  trading down  0.24% to $0.6368

•  Immediate resistance is located at 0.6364 (50%fib), any close above will push the pair towards 0.6442(61.8%fib).

•  Support is seen at 0.6293 (38.2%fib) and break below could take the pair towards 0.6199(23.6%fib).

 Recommendation: Good to sell around 0.6350, with stop loss of 0.6280 and target price of 0.6430