AUD/USD extended its daily slide in the American session. US Dollar Index is up nearly 2% for the week. AUD/USD is losing 3.75% since the start of the week. The AUD/USD came under renewed bearish pressure during the American session and slumped to its lowest level in more than two months at 0.7007. As of writing, the pair was down 0.41% on the day at 0.7016. On a weekly basis, AUD/USD is losing 3.75% and looks to suffer its biggest percentage decline since early March. The broad-based USD strength in the second half of the day caused AUD/USD to extend its slide. Following a modest downward correction on Thursday, the US Dollar Index (DXY) gained traction and rose to its highest level in 9 weeks at 94.74 before retreating slightly. At the moment, the DXY is at 94.68 rising 0.37% and 1.8% on a daily and weekly basis, respectively. The only data from the US showed that Durable Goods Orders in August rose by 0.4% in August. Although this reading came in worse than the market expectation for an increase of 1.5%, underlying details of the report revealed that Durable Goods Orders excluding Defense rose by 0.7% and beat analysts’ estimate of 0.1%. AUD/USD near-term outlook Westpac analysts share their view for AUD/USD’s near-term outlook: “Benchmark iron ore has dropped $15 from the 14 Sep high and gold has tumbled but coking coal and copper are holding up. Australia will continue printing trade surpluses but the USD and risk mood are key for the aussie near-term.” “It is hard to draw a line under AUD/USD in the current market mood, so we switch to down on the week, with scope for 0.6965 then the 0.6900 area, though there is no obvious support around there.” Additional levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Focus on US election to intensify with first presidential debate on Tuesday – TDS FX Street 2 years AUD/USD extended its daily slide in the American session. US Dollar Index is up nearly 2% for the week. AUD/USD is losing 3.75% since the start of the week. The AUD/USD came under renewed bearish pressure during the American session and slumped to its lowest level in more than two months at 0.7007. As of writing, the pair was down 0.41% on the day at 0.7016. On a weekly basis, AUD/USD is losing 3.75% and looks to suffer its biggest percentage decline since early March. The broad-based USD strength in the second half of the day caused AUD/USD to extend… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.