• EUR/AUD initially rose but lost momentum as investors evaluated Trump's first actions as U.S. president.
• Trump didn't provide concrete plans for universal tariffs but mentioned imposing duties on Canadian and Mexican goods by Feb. 1.
• Investors remain wary of tariffs and the risk of a global trade war driving inflation higher.
• Immediate resistance is located at 1.6667(38.2%fib), any close above will push the pair towards 1.6787(23.6%fib)
• Support is seen at 1.6561(50%fib) and break below could take the pair towards 1.6508(Jan 6th low)
Recommendation: Good to buy around 1.6610, with stop loss of 1.6500 and target price of 1.6680
