• EUR/AUD rose on Tuesday as euro firmed on tariff concerns and speculation about a possible Ukraine peace deal.
• The U.S. and Ukraine have finalized terms for a minerals deal, which is key to Kyiv's strategy of securing U.S. backing as President Trump looks to swiftly end the war with Russia.
• The deal comes after a tense exchange between Ukrainian President Zelensky and Trump, who recently called Zelensky an unpopular "dictator" and urged him to secure a quick peace deal or risk losing his country.
• On the data front, Germany's economy contracted by 0.2% in the last quarter of 2024 compared to the previous quarter, the statistics office confirmed on Tuesday.
• Immediate resistance is located at 1.6627(38.2%fib), any close above will push the pair towards 1.6694(Higher BB)
• Support is seen at 1.6505 (38.2% fib) and break below could take the pair towards 1.6386(50% fib).
Recommendation: Good to buy around 1.6550 with stop loss of 1.6450 and target price of 1.6700
