AUD/USD: The Australian dollar rose, hovering towards a near 3-week peak struck in the prior session after Reserve Bank of Australia Deputy Governor Guy Debelle reiterated that while the economy seemed to have slowed, the labour market was surprisingly strong. The Aussie trades 0.4 percent up at 0.7148, having hit a high of 0.7152 on Tuesday; it’s highest since Mar. 21. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7070 (Mar. 29 Low), a break below targets 0.7041 (Mar. 14 Low). On the upside, resistance is located at 0.7168 (Mar. 21 High), a break above could take it near 0.7198 (Feb. 27 High).
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