• AUD/USD rebounded from a five-year low on Tuesday as recovery was fueled by hopes that Washington may be open to negotiating its aggressive tariff policies.
• Trump's advisers indicated that he is open to negotiations with countries working to avoid tariffs as high as 50%, set to take effect on Wednesday.
• White House economic adviser Stephen Miran urged countries seeking to avoid high reciprocal U.S. tariff rates to present offers to President Trump.
• At GMT 05:50, The Australian dollar was 1% stronger at $0.6052 against US dollar, but remained near the five-year low it hit on Monday.
• Immediate resistance is located at 0.6112(50%fib), any close above will push the pair towards 0.6195(61.8%fib).
• Support is seen at 0.6031(38.2%fib) and break below could take the pair towards 0.5933(23.6%fib).
Recommendation: Good to buy around 0.6050 with stop loss of 0.5950 and target price of 0.6120
