AUD/USD: The Australian dollar consolidated near multi-week lows, as the greenback got a boost from upbeat U.S. retail sales data. On Friday, the major plunged to a 5-month low on data that showed Chinese industrial output slowed to a 17-year low in May. The Aussie trades 0.1 percent up at 0.6877, having hit a low of 0.6861, 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 0.6845, a break below targets 0.6810. On the upside, resistance is located at 0.6900 (23.6% retracement 0.6964 and 0.6861), a break above could take it near 0.6959 (May 14 High).
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