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AUD/USD hits 10-day high above 0.9700

FXstreet.com (Córdoba) - The greenback was hammered by the worse-than-expected ISM manufacturing PMI reading and slumped across the board.

AUD/USD rallied nearly 100 pips after the release and pierced above 0.9700 to hit a fresh 10-day peak of 0.9730. At time of writing, AUD/USD is trading around 0.9720, where it records a 1.0% gain since opening.

On the upside, immediate resistances are seen at 0.9740 (May 24 high) and 0.9780 (May 23 high). On the other hand, supports could be faced at 0.9625 (intraday support) and 0.9590 (daily low).

Commodities Brief – Gold breaches 1400 level, silver maintains tight consolidation below 23.00 target

Gold prices were in for quite a day Monday, following the sporadic pricing action via the publication of generally lackluster US manufacturing data during US trading. Spot prices jumped off the 1391 region to rupture the vaunted 1400 resistance/first upside target, establishing fresh highs in these moments at USD $1404.09 per oz. Ultimately, a push higher is now likely towards the 1420 level, onto the 1445 region.
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