AUD/USD: The Australian dollar tumbled, as the trade conflict escalated, with the United States raising tariffs on $200 billion worth of Chinese goods and China vowed to retaliate. The Aussie trades 0.4 percent down at 0.6973, having hit a low of 0.6962 last week, it’s lowest since Jan. 3. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6950, a break below targets 0.6921. On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7110 (Mar. 19 High).
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