AUD/USD supported around $0.7200, key resistance at $0.7245
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 i…
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
