• AUD/USD steadied near eight month high on Friday as US dollar pared gains as market participants took a cautious stance ahead of U.S. President Donald Trump's July 9 tariff deadline.
• Investors welcomed U.S.-Vietnam trade talks, hoping for broader progress, but optimism faded as key tariffs stayed above pre-April 2 levels and details remained scarce.
• Trump said many countries will receive letters on Friday outlining their tariff rates, signaling a shift from his earlier plan to make individual trade deals.
• On April 2, Trump announced reciprocal tariffs of 10%–50%, but later cut most rates to 10% until July 9 to allow time for negotiations.
• At GMT 05:35, Australian dollar was trading up 0.05% at 0.6575 against US dollar .
• Immediate resistance is located at 0.6607(23.6%fib), any close above will push the pair towards 0.6644(Higher BB).
• Support is seen at 0.6521(SMA 20) and break below could take the pair towards 0.6467(38.2%fib).
Recommendation: Good to buy around 0.6560 with stop loss of 0.6460 and target price of 0.6650
