A softer risk tone prompted some fresh selling around the AUD/USD pair on Monday. Aussie’s bearish potential is still intact and remains at the mercy of USD price dynamics, FXStreet’s Haresh Menghani reports. See: AUD/USD to surge higher to 0.79 by end-June – Westpac Key quotes “In the absence of any major market-moving economic releases, the underlying bullish sentiment surrounding the USD suggests that the path of least resistance for the pair remains to the downside. Hence, any attempted positive move might still be seen as a selling opportunity and runs the risk of fizzling out rather quickly.” “Any meaningful slide below the 0.7600 mark might find some support near the 0.7580-75 horizontal zone. Some follow-through selling will reaffirm the bearish bias and turn the pair vulnerable to accelerate the fall towards challenging the key 0.7500 psychological mark. The aussie could eventually drop to the next major support near the 0.7460 area.” “The neckline support breakpoint, around the 0.7665-70 region now seems to act as a strong resistance. This is followed by the 0.7700 mark, which if cleared decisively might trigger some short-covering move. This, in turn, could push AUD/USD further beyond an intermediate resistance near the 0.7740-50 region and allow bulls to make a fresh attempt to reclaim the 0.7800 mark.” 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 Gold Price Analysis: XAU/USD flirts with session lows, around $1725 region FX Street 1 year A softer risk tone prompted some fresh selling around the AUD/USD pair on Monday. Aussie's bearish potential is still intact and remains at the mercy of USD price dynamics, FXStreet's Haresh Menghani reports. See: AUD/USD to surge higher to 0.79 by end-June - Westpac Key quotes "In the absence of any major market-moving economic releases, the underlying bullish sentiment surrounding the USD suggests that the path of least resistance for the pair remains to the downside. Hence, any attempted positive move might still be seen as a selling opportunity and runs the risk of fizzling out rather quickly." "Any meaningful… 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.