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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

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