• EUR/AUD edged higher but gains were limited on Thursday as uncertainties over monetary policy and U.S. tariff plans, kept markets on edge.
• Investors were also on edge about how U.S. President-elect Donald Trump might steer foreign and economic policy, especially with talks of a potential national economic emergency to justify universal tariffs.
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• On the data front, Eurozone retail sales rose less than expected in November, highlighting weak consumption and adding to a streak of disappointing data.
• Immediate resistance is located at 1.6743 ( 23.6%fib), any close above will push the pair towards 1.6785(23.6%fib)
• Strong support is seen at 1.6602(38.2 %fib ) and break below could take the pair towards 1.6489(50 %fib).
Recommendation:Be on side-lines
