AUD/USD: The Australian dollar surged after domestic data showed job advertisements in newspapers and on the internet rebounded in June after a sharp decline in May. The economy’s total job advertisements added a seasonally adjusted 4.6 percent in June from May, when they fell 8.4 percent for the biggest fall since January 2010. The Aussie trades 0.1 percent up at 0.6983, having hit a high of 0.7047 on Thursday, it’s highest since May 7.
Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6941 (June 25 Low), a break below targets 0.6901 (June 13 Low). On the upside, resistance is located at 0.7048 (May 7 High), a break above could take it near 0.7076 (Mar. 11 High).
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