AUD/USD: The Australian dollar eased from a 1-1/2 week peak after minutes of the Reserve Bank of Australia’s July policy meeting showed its board decided that cutting rates by another quarter-point would help speed up the economy. The Aussie trades 0.1 percent down at 0.7033, having hit a high of 0.7044 earlier, it’s highest since July 4.
Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6998 (June 28 Low), a break below targets 0.6941 (June 25 Low). On the upside, resistance is located at 0.7069 (Apr. 30 High), a break above could take it near 0.7091 (Mar 12 High).
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