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FxWirePro: AUD/USD pulls back from early losses, bullish sentiment holds

• 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

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