• AUD/USD initially fell but regained most of ground on Thursday as President Donald Trump's unexpectedly aggressive stance on reshaping global trade unsettled investors.
• U.S. President Donald Trump unveiled a sweeping set of reciprocal tariffs that were particularly heavy on China and its main trading partners.
•On Wednesday, Trump announced a 10% baseline tariff on all imports to the U.S., along with higher duties on several other countries.
• Investors had been bracing for these tariffs over the past week, Washington's latest punitive measures turned out to be more aggressive than expected.
• At GMT 05:59, The Australian dollar was last trading up 0.12% to $0.6289
• Immediate resistance is located at 0.6312 (50%fib), any close above will push the pair towards 0.6374(61.8%fib).
• Support is seen at 0.6258(38.2%fib) and break below could take the pair towards 0.6229(lower BB).
Recommendation: Good to buy around 0.6280 with stop loss of 0.6220 and target price of 0.6380
