AUD/USD: The Australian dollar slumped to a 2-1/2 week low after data showed domestic consumer sentiment fell to a 2-year low that could prompt another rate cut from the Reserve Bank of Australia and pressure the government to offer more fiscal support. The Aussie trades 0.1 percent down at 0.6919, having hit a low of 0.6916 earlier, it’s lowest since June 21.
Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6901 (June 13 Low), a break below targets 0.6871 (May 22 Low). On the upside, resistance is located at 0.6994 (June 26 High), a break above could take it near 0.7048 (May 7 High).
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