AUD/USD: The Australian dollar slumped to an 11-day low as comments from top Chinese policymaking bodies raised investor fears that Beijing will ease up on stimulative policies after some signs of stabilisation in the economy. Moreover, the selling pressure intensified as investors remained cautious ahead of the release of first-quarter inflation data due on Wednesday. The Aussie trades 0.1 percent down at 0.7124, having hit a low of 0.7121 earlier; it’s lowest since Apr. 12. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7109 (Apr. 10 Low), a break below targets 0.7070 (Mar. 29 Low). On the upside, resistance is located at 0.7174 (Apr. 10 High), a break above could take it near 0.7235 (Jan. 11 High).