AUD/USD: The Australian dollar plunged to a 1-week low, on data that showed Australian households have been reining in spending amid sluggish wage growth and sliding home prices. The Aussie trades 0.05 percent down at 0.7091, having hit a low of 0.7085; it’s lowest since February 22. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7060 (Feb.8 Low), a break below targets 0.7016 (Dec.26 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