AUD/USD: The Australian dollar steadied after the Reserve Bank of Australia in its Financial Stability Review emphasized the banking system had the capital to withstand a major crisis, even as it highlighted the threat to households from a further slump in home prices. On Thursday, Prime Minister Scott Morrison announced a general election to be held on May 18. The Aussie trades 0.1 percent up at 0.7132, having hit a high of 0.7174 on Wednesday; 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 0.7070 (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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