AUD/USD: The Australian dollar rallied to a 1-week peak as the greenback continued to be on a back foot, despite upbeat inflation numbers. However, the upside appears limited as additional challenges to the U.S.-China trade deal dented investor risk sentiment. The Aussie trades 0.4 percent up at 0.7003, having hit a low of 0.6910 on Wednesday, 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 0.6941 (June 25 Low), a break below targets 0.6901 (June 13 Low). On the upside, resistance is located at 0.7023 (June 28 High), a break above could take it near 0.7047 (July 4 High).
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