AUD/USD: The Australian dollar rallied to a 3-week peak, as investors speculate U.S.-China trade talks at the G20 meeting would manage to avert a new round of tariffs. The Aussie trades 0.05 percent up at 0.7010, having hit a high of 0.7012 earlier, it’s highest since Jun. 7.
Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6967 (5-DMA), a break below targets 0.6925 (June 12 Low). On the upside, resistance is located at 0.7029 (May 2 High), a break above could take it near 0.7069 (Apr. 30 High).
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