AUD/USD: The Australian dollar surged, as signs of progress in the U.S.-China trade dispute lifted risk assets and commodity prices. The Aussie trades 0.2 percent up at 0.7124, having hit a low of 0.7052 on Tuesday, it’s lowest since Mar. 14. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7078 (Mar. 18 Low), a break below targets 0.7041 (Mar. 14 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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