AUD/USD: The Australian dollar slumped, extending losses for the eighth straight session after U.S. President Donald Trump offered a pessimistic view of reaching a trade deal with China, saying Beijing may not sign one before the November 2020 U.S. presidential election. However, Beijing hopes Washington would stick to its commitment to create positive conditions for the trade talks this week. The Aussie trades 0.05 percent down at 0.6898, having hit a low of 0.6894 earlier, it’s lowest since June 20. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6878 (June 20 Low), a break below targets 0.6831 (June 18 Low). On the upside, resistance is located at 0.6937 (23.6% retracement of 0.7082 and 0.6894), a break above could take it near 0.6988 (50% retracement).
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