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• AUD/USD initially gained but lost ground as concerns over potential U.S. tariffs on Mexico and Canada weighed on trade-sensitive currencies..
• On Thursday, President Trump stated that 25% tariffs would be imposed starting Saturday, although it was unclear if they would actually be implimented.
• Trump also hinted at imposing tariffs on China, but provided no further details.
• At (GMT 05:49)The pair was last trading up 0.017 percent at 0.6218 .
• Immediate resistance is located at 0.6242(Jan 30th high), any close above will push the pair towards 0.6270 (50%fib).
• Support is seen at 0.6201(38.2%fib) and break below could take the pair towards 0.6130 (Lower BB)
Recommendation: Good to sell around 0.6230, with stop loss of 0.6300, and target price of 0.6150
