AUD/USD: The Australian dollar rebounded from a fresh 2-month low after data showed Australia posted its second biggest trade surplus on record in January at A$4.5 billion, surpassing forecasts of A$3.0 billion. However, soft retail sales figures limited the upside. The Aussie trades 0.2 percent up at 0.7045, having hit a low of 0.7020 earlier; it’s lowest since Jan. 4. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7150 (Feb. 22 High), a break above could take it near 0.7206 (Feb. 21 High).
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