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• AUD/ USD traded in tight range on Thursday as escalating geopolitical tensions amid the ongoing war between Russia and Ukraine kept investors cautious.
.• Geopolitical tensions were heightened after Ukraine fired a volley of British Storm Shadow missiles into Russia on Wednesday, a day after it sent American missiles into Russian territory for the first time.
•Meanwhile, investors awaited more cues on U.S. President-elect Donald Trump's proposed policies.
• At (GMT 06:21) Aussie dollar was trading at up 0.22 % at $0.6531 against the U.S. dollar.
• Immediate resistance is located at 0.6526(38.2%fib), any close above will push the pair towards 0.6557(SMA 21).
• Support is seen at 0.6483 (Nov 20th) and break below could take the pair towards 0.6447(23.6%fib).
Recommendation: Good to sell around 0.6560, with stop loss of 0.6650 and target price of 0.6480.
