AUD/USD: The Australian dollar plunged after a Reuters poll showed RBA’s first interest rate cut in almost three years on June 4, with a follow-up move likely in August, as the central bank looks to revive growth and inflation. The Aussie trades 0.1 percent down at 0.6874, having hit a low of 0.6864 on Friday, 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 0.6846, a break below targets 0.6811. On the upside, resistance is located at 0.6933 (May 16 High), a break above could take it near 0.6961 (Apr. 30 High).
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