AUD/USD: The Australian dollar tumbled after the minutes of the Reserve Bank of Australia’s first policy meeting of the year in February showed that the central bank saw significant uncertainties on the economy that supported the case of rate cuts. The Aussie trades 0.2 percent down at 0.7112, having hit a high of 0.7160 on Monday; it’s highest since February 6. Immediate support is seen at 0.7089 (Feb. 7 Low), a break below targets 0.7044 (Dec. 26 Low). On the upside, resistance is located at 0.7166 (January 24 High), a break above could take it near 0.7203 (January 28 High).
AUD/USD daily chart