• The EUR/AUD dipped on Tuesday as investors are assessing the potential impact of impending reciprocal tariffs after U.S. President Donald Trump.
• Investors awaited clarity on potential exemptions from Trump’s April 2 sector-specific tariffs, though an official cautioned that no final decisions had been made.
• On the economic front, German business morale improved in March, a survey showed Tuesday, as companies anticipated a recovery after two years of economic contraction.
• The Ifo Institute reported that its business climate index rose to 86.7 in March from 85.3 in February, matching forecasts.
• Immediate resistance is located at 1.7280(March 25th high), any close above will push the pair towards 1.7323(23.6%fib).
• Immediate support is seen at 1.7103(38.2%fib) and break below could take the pair towards 1.7000 (Psychological level).
Recommendation: Good to buy on dips around 1.7110, with stop loss of 1.7050 and target price of 1.7200
