AUD/USD: The Australian dollar slumped after Reserve Bank of Australia’s April board meeting minutes released earlier in the day showed policymakers believed a cut in interest rates would be appropriate given inflation stays low and unemployment trend higher. The Aussie trades 0.3 percent down at 0.7148, having hit a high of 0.7192 on Friday; 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 0.7128 (10-DMA), a break below targets 0.7070 (Mar. 29 Low). On the upside, resistance is located at 0.7198 (Feb. 27 High), a break above could take it near 0.7235 (Jan. 11 High).