AUD/USD: The Australian dollar rose, extending gains for the third straight session, after Reserve Bank of Australia Governor Philip Lowe said a recent cut in interest rates would not be enough to revive economic growth, and called for the government for more action on fiscal stimulus. The Aussie trades 0.4 percent up at 0.6906, 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 0.6848 (June 17 Low), a break below targets 0.6831 (June 18 Low). On the upside, resistance is located at 0.6944 (May 31 High), a break above could take it near 0.6994 (June 6 High).
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