AUDUSD Chart Technical Outlook is likely to remain steady above 0.6500 supported by strong data
The US Dollar drew some support from a surprising tone change by President-elect Donald Trump, who threatened BRIC countries with 100% tariffs if they supported an alternative currency to the US Dollar.
Nevertheless, the negative impact on the Aussie has been limited, amid higher-than-expected Australian Retail sales and the strong manufacturing data seen in China, a key Australian partner.
From a technical perspective, the pair is trending higher, within a sideways trading channel. Resistance at 0.6545 is likely to cap bulls. Above here, the target is 0.6595. Supports are 0.6440 and 0.6350.
