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FxWirePro: AUD/USD rebounds from 5-Year low amid tariff negotiation hopes

• 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

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