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• EUR/AUD steadied on Thursday as investors grappled with how U.S. President Donald Trump's far-reaching tariffs will impact global trade and economic growth.
• The highly anticipated tariff announcement sent shockwaves through the markets, causing global stocks to plummet.
• Trump announced he would impose a 10% baseline tariff on all imports to the United States, with even higher duties on some of the country’s largest trading partners..
• Looking ahead ,US March payroll data and Fed Chair Powell's remarks on Friday are major risks for EUR/AUD.
• Immediate resistance is located at 1.7530(Daily high), any close above will push the pair towards 1.7668(23.6%fib).
• Immediate support is seen at 1.7425 (38.2%fib) and break below could take the pair towards 1.7201 (50%fib ).
Recommendation: Good to buy on dips around 1.7460, with stop loss of 1.7370 and target price of 1.7540.
