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FxWirePro:AUD/USD gaining momentum for a move towards 0.6500 level

• 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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