• EUR/AUD declined on Friday following mixed U.S. jobs data and reports that President Trump plans to announce reciprocal tariffs next week.
• President Donald Trump said he plans to announce reciprocal tariffs on many countries next week, following weak jobs and consumer sentiment data.
• Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.
•The pair is approaching 50%fib,a daily close below will accelerate towards 1.6400level in the short term.
• Immediate resistance is located at 1.6542( Daily high), any close above will push the pair towards 1.6584 ( 38.2%fib).
• Strong support is seen at 1.6442(50%fib) and break below could take the pair towards 1.6311(61.8%fib).
Recommendation: Good to sell around 1.6500, with stop loss of 1.6580 and target price of 1.6400.
