AUD/USD: The Australian dollar eased as the Reserve Bank of Australia has taken a dovish turn on policy, stating that economic risks were now more balanced and the next move in interest rates might be a cut rather than a hike. The Aussie trades 0.2 percent down at 0.7155, having hit a high of 0.7206 on Thursday; it’s highest since February 6. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7103 (Feb.19 Low), a break below targets 0.7060 (Feb.8 Low). On the upside, resistance is located at 0.7206 (Feb. 21 High), a break above could take it near 0.7245 (Feb. 6 High).
AUD/USD daily chart