AUD/USD: The Australian dollar plunged to a 4-1/2 month low after data showed pace of growth in domestic wages stagnated last quarter, adding to evidence that exceptional strength in the labour market is not enough to boost pay rewards, consumer spending and inflation. The Aussie trades 0.2 percent down at 0.6930, having hit a low of 0.6922 earlier, 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 0.6900, a break below targets 0.6875. On the upside, resistance is located at 0.6997 (May 9 High), a break above could take it near 0.7069 (Apr. 30 High).
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