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• AUD/USD steadied on Friday as higher commodities prices provided some support for the Australian dollar.
• Gold prices firmed near three-week highs, supported by a softer U.S. dollar and increased demand for safe-haven assets.
• Oil prices extended gains as expectations grew that governments around the world might step up policy support to boost economic growth, which could, in turn, drive higher fuel demand.
• At GMT 06:03, The Australian dollar was last trading up 0.20% to $0.6214.
• Immediate resistance is located at 0.6250(38.2%fib), any close above will push the pair towards 0.6301(50%fib).
• Support is seen at 0.6188 (23.6%fib) and break below could take the pair towards 0.6132(Lower BB).
Recommendation: Good to sell around 0.6240, with stop loss of 0.6300 and target price of 0.6160
