AUD/USD: The Australian dollar rallied, halting a 3-day losing streak, after a survey showed consumer inflation expectations for October rose 3.6 percent from prior month’s 3.1 percent, surpassing projections of 3.2 percent gain. The major was also strengthened by data that showed domestic approvals for new home loans jumped for a second consecutive month in August, in a sign that recent rate cuts and easier lending rules were boosting the housing market. The Aussie trades 0.3 percent up at 0.6744, having hit a low of 0.6710 earlier, it’s lowest since October 3. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6687, a break below targets 0.6635. On the upside, resistance is located at 0.6799 (August 21 High), a break above could take it near 0.6803 (September 25 High).
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