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FxWirePro: AUD/USD rises above 0.6300 as Trump softens China tone

• AUD/USD ticked higher on Friday as  Trump's softer approach to tariffs increased market risk appetite, boosting the Australian dollar.

• President Donald Trump expressed confidence that a deal could be reached with China, emphasizing that he would prefer to avoid using tariffs as a tool in negotiations.

• China is Australia’s largest export market, and investors worldwide often use the Australian dollar as a liquid proxy for trade risks.

• At GMT 05:25, the pair   was trading  up 0.54%  at  0.6317, the highest  level since Dec 18th.

•  Immediate resistance is located at 50%fib, any close above will push the pair towards 0.6410(61.8%fib).

•  Support is seen at 0.6279(Daily low) and break below could take the pair towards 0.6240(38.2%fib).

 Recommendation: Good to buy around 0.6300 with stop loss of 0.6250 and target price of 0.6390

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