AUD/USD: The Australian dollar surged to a 2-1/2 week peak, as risk appetite improved by a report the United States and China had tentatively agreed on another truce in their extended trade dispute. The Aussie trades 0.1 percent up at 0.6990, having hit a high of 0.6999 earlier, it’s highest since Jun. 10.
Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6925 (June 12 Low), a break below targets 0.6881 (May 24 Low). On the upside, resistance is located at 0.7022 (June 7 High), a break above could take it near 0.7048 (May 7 High).
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