• AUD/USD rose on Thursday as optimism over global U.S. trade talks offset a stronger U.S. rate outlook that had boosted the dollar overnight.
• Risk assets rose after President Trump announced a Thursday news conference to reveal a deal with a big country, reportedly the UK.
• Overnight, the Fed held rates at 4.25%-4.5% as expected, but warned of rising risks of inflation and unemployment.
• Meanwhile, investors await signs of easing tensions as U.S. and Chinese officials meet Saturday in Switzerland.
• At GMT 05:38, the Australian dollar was up 0.28% to 0.6477 against the greenback.
• Immediate resistance is located at 0.6499(38.2%fib), any close above will push the pair towards 0.6545(Nov 25th 2024 high).
• Support is seen at 0.6420(50%fib) and break below could take the pair towards 0.6387(21SMA).
Recommendation: Good to buy around 0.6410 with stop loss of 0.6360 and target price of 0.6500


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