FxWirePro: AUD/USD steadies around 0.6490, retains bid tone

• AUD/USD steadied  around 0.6490 on Thursday as Australian dollar was supported by a weaker US dollar and an improvement in China’s services PMI data. 

•   China’s services activity grew slightly faster in May as domestic orders rose, though export orders fell amid U.S. tariff uncertainty, a private survey showed.

• The Caixin/S&P Global services PMI rose to 51.1 in May from 50.7, signaling continued expansion.

• Separate data showed, Australia's trade surplus narrowed to A$5.4B in April from A$6.9B, slightly below forecasts, as exports of gold pulled back from record highs.

• At GMT 05:11, The Australian dollar  was last  trading up 0.02% to $0.6490.   

•  Immediate resistance is located at 0.6502(23.6%fib), any close above will push the pair towards 0.6513(Higher BB).

•  Support is seen at 0.6439 (200SMA) and break below could take the pair towards 0.6433(38.2%fib).

 Recommendation: Good to buy around 0.6480 with stop loss of 0.6360  and target price of 0.6560