• The EUR/AUD strengthened on Thursday but gains were limited as investors gauged the impact of U.S. President Donald Trump's tariffs.
• Trump reversed tariffs less than 24 hours after their implementation, announcing a 90-day freeze while keeping a 10% blanket duty on most countries.
• The suspension of tariffs on numerous countries came less than 24 hours after they were imposed. In response, the EU paused countermeasures on 21 billion euros worth of U.S. imports.
• The unexpected tariff reprieve provided relief to investors following a sharp cross-asset selloff, as concerns over the broader economic impact of U.S. tariffs led to heightened market volatility.
• EU chief Ursula von der Leyen announced a pause in the EU's countermeasures against U.S. tariffs, following Trump's decision to temporarily suspend his duties..
• Immediate resistance is located at 1.8080(38.2%fib), any close above will push the pair towards 1.8320(Higher BB).
• Immediate support is seen at 17767(50%fib) and break below could take the pair towards 1.7438(61.8%fib).
Recommendation: Good to buy around 1.7750, with stop loss of 1.7700 and target price of 1.7840
