• AUD/USD cautiously bid in Asia after closing 0.2% higher on volatile Monday

• Recovered from steep 2% loss in Asia as risk rallied on tariff optimism

• Markets cheer as Trump pauses tariffs on Mexico, Canada but China risk looms

• Tariffs on China due to take effect at 0501 GMT on Tuesday

• Could spark more volatility in Asia as U.S. pushes China on Panama Canal

• RBA rate optimism adds to selling pressure; Feb rate cut odds stay elevated

• Monday range 0.6089-0.6228; resistance 0.6250-60, 0.6300

• Support 0.6170, 0.6130, pivotal at 0.6090-0.6099, 76.4% of 0.5510-0.8007
AUD:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)