AUD/USD: The Australian dollar rebounded from a 5-1/2month low, as China and the United States rekindled trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, The Aussie trades 0.05 percent up at 0.6877, having hit a low of 0.6831 on Tuesday, 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 0.6810, a break below targets 0.6748 (June 17 Low). On the upside, resistance is located at 0.6906 (38.2% retracement 0.7022 and 0.6833), a break above could take it near 0.6950 (61.8% retracement).
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