• Trump repeats tariff threats to Mexico, Canada and China.
• The Fed maintains a cautious position on the risk of inflation, maintaining fixed rates.
• Aud/USD floats near 0.6215 among the RBA rates of reductions and economic slowdown of China.

The Aud/USD pair trads slightly higher at 0.6215 in the Asian session on Friday, but remains under pressure due to fresh tariff threats from the US President Trump. Market participants still anticipate the passage of a pigeon from the Reserve Bank of Australia (RBA) in February, increasing the risk of falls in Australians.

Commercial tensions weigh sentiments

Trump confirmed the plans to apply tariffs to Mexico, Canada and China, fueling sheltered demand for the American dollar and claims that it plans to apply 100% tariffs to BRICS nations if they try to replace the American dollar (USD) a fresh currency in international trade. Trump published in truth: “We will require the involvement of these seemingly hostile countries that they will neither create a fresh BRICS currency, nor support any other currency to replace a powerful American dollar or stand before a 100% tariff,

On the data front, the Cere Consumctions (PCE) price in the US increased by 0.2% month per month, and the annual Core PCE remained unchanged at 2.8%. Fed officials, including Governor Michelle Bowman, warned against maintaining the risk of inflation of add -ons, strengthening the expectations that the rate discounts may be delayed.

In Australia, the latest data has strengthened the expectations that RBA would cut the power supply. The numbers of Q4 inflation brought lower than expected, using the average CPI, facilitated 3.2%, below the previous RBA forecast of 3.4%. Traders fully price in a reduction in the rate 25 in February.

Technical review

Aud/USD remains related to the range, devoid of powerful directional shoot. The relative strength indicator (RSI) is 47, still on a negative territory, but recovers. The MacD histogram shows decreasing green rods, which suggests the disappearance of stubborn shoot.
Immediate resistance is apparent at 0.6230 on a 20-day straight movable medium (SMA). On the other hand, key support is at 0.6200, and the lower break opens the door to a further decline in the direction of 0.6170. As long as the decisive move occurs, the couple will probably consolidate in the current range.