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Pair sunk, as higher yielding currencies were sold off on Monday amid global uncertainties and lower commodity prices.
- The Australian dollar was down 1.47% and trading at $0.7181 against the greenback, after hitting an intraday low of $0.7158
- Meanwhile, oil prices were lower, with WTI futures losing 0.73% and trading at $36.77 per barrel and Brent contracts falling 0.08% to $37.25
- To the upside, the strong resistance can be seen at 0.7245, a break above this level would take the pair towards next resistance level at 0.7301 levels
- To the downside immediate support can be seen at 0.7156, a break below this level will open the door towards next level at 0.7104
