FxWirePro: AUD/ USD momentum strongly bearish despite pause in losses

• The AUD/USD was little changed on Thursday as investors waited for more clarity from U.S. President Donald Trump on his tariff plans.

• This week, Trump announced 25% tariffs on Canada and Mexico, 10% on China starting Feb. 1, and hinted at future duties on European imports without details.

• Australia's Q4 consumer price report is due next week, with analysts hoping slowing core inflation will lead to a rate cut from the Reserve Bank of Australia on Feb. 18.

•  At GMT 05:35, The Australian dollar  was last  trading down 0.01% to $0.6272. 

•  Immediate resistance is located at 0.6302(Higher BB), any close above will push the pair towards 0.6326(50%fib).

•  Support is seen at 0.6236(38.2%fib) and break below could take the pair towards 0.6135 (23.6%fib)

Recommendation: Good to sell  around 0.6280, with stop loss of 0.6350, and target price of 0.6200