FxWirePro: AUD/USD retreats slightly but trend is still bullish

• AUD/USD edged lower on Thursday as   soft U.S. inflation data, an uncertain U.S.-China trade truce, and rising Middle East tensions dented risk sentiment.

•U.S. CPI rose less than expected in May, with lower gas prices offsetting rent gains, though inflation is seen picking up ahead due to Trump’s import tariffs.

•Trump said Wednesday that the U.S. and China had agreed on a framework to revive their trade truce, potentially averting further tariff hikes.

•   Trump added he could extend a July 8 deadline for trade talks with other nations before higher U.S. tariffs take effect but did not foresee such a need.  

• Trump's unpredictable tariff moves have unsettled global markets, leading many investors to pull out of U.S. assets, particularly the dollar, over concerns about inflation and slowing growth.

•  Immediate resistance is located at 0.6545(23.6%fib), any close above will push the pair towards 0.6557(Higher BB).

•  Support is seen at 0.6482 (June 6th low) and break below could take the pair towards 0.6440(38.2%fib).

 Recommendation: Good to buy around 0.6480 with stop loss of 0.6410  and target price of 0.6580