AUD/USD: The Australian dollar plunged, amid increasing speculation the Reserve Bank of Australia will have to ease policy at some point. The RBA holds its April policy meeting next week and is likely to sound dovish in order to stop the Aussie dollar from rising. The major trades 0.4 percent down at 0.7103, having hit a high of 0.7168 on Thursday, it’s highest since Feb. 27. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7041 (Mar. 14 Low), a break below targets 0.7003 (Mar. 8 Low). On the upside, resistance is located at 0.7149 (Mar. 20 High), a break above could take it near 0.7198 (Feb. 27 High).
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