• EUR/AUD rose on Monday as the Australian dollar weakened on concerns over Trump's tariff plans on April 2 and the upcoming RBA rate decision.
• Trump is set to unveil reciprocal tariffs on April 2, with automobile tariffs to follow on April 3.
• Australia's central bank is expected to keep interest rates steady on Tuesday, as a strong labor market continues to drive inflation.
• The Reserve Bank of Australia is the only major central bank yet to cut borrowing costs, having raised its benchmark rates by a relatively modest 425 basis points between May 2022 and November 2023.
• Immediate resistance is located at 1.7367(38.2% fib), any close above will push the pair towards 1.7419(Higher BB).
• Immediate support is seen at 1.7195(50% fib) and break below could take the pair towards 1.7040(50% fib).
Recommendation: Good to buy on dips around 1.7280 with stop loss of 1.7200 and target price of 1. 7400
