AUD/USD broke below 0.7415 and extended the decline, trimming Friday’s gains. Aussie weakened as Wall Street dropped further with the Dow Jones hitting the lowest since early May. The AUD/USD pair broke below 0.7415 and fell to 0.7395, reaching a fresh daily low. The pair was hovering around 0.7400, down 35 pips from Friday’s close. The negative tone still prevails as equity prices drop further in the US. The Dow Jones was down 1.47% at 24,220 the weakest in more than a month. The Aussie was among the worst performer on Monday. The greenback was modestly higher against commodity and emerging market currencies but it was falling versus its European rivals. Data released today in the US, showed that New Home Sales surprised to the upside in May, expanding 6.7%, to 689K units, while the Chicago Fed National Activity Index came in on the below expectations at -0.15. AUD/USD Technical levels On the upside, resistance levels might now be seen at 0.7410/15 (Asian session low), 0.7440/45 (Jun 22 high) and 0.7500. On the flip side, support might lie at 0.7390, 0.7340/45 (Jun 19 & 21 low) and 0.7300. 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 USD/JPY stays under pressure near 109.60 as US stocks extend fall FX Street 3 years AUD/USD broke below 0.7415 and extended the decline, trimming Friday's gains. Aussie weakened as Wall Street dropped further with the Dow Jones hitting the lowest since early May. The AUD/USD pair broke below 0.7415 and fell to 0.7395, reaching a fresh daily low. The pair was hovering around 0.7400, down 35 pips from Friday's close. The negative tone still prevails as equity prices drop further in the US. The Dow Jones was down 1.47% at 24,220 the weakest in more than a month. The Aussie was among the worst performer on Monday. The greenback was modestly higher against commodity and… Top 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.
