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AUD/USD Drops Sharply with Selling Pressures

M. Ali 21 September, 2020 11:44 pm Forex Market, Market Update

The Australian Dollar (AUD) fell on Monday against the US Dollar (USD), mainly due to the rise of the latter and risk avoidance by investors.

The AUD/USD is close to finishing the first session of the week down by 0.95% for the day at 0.7220.

Earlier today, the pair reached its lowest level in two weeks, since September 9, at 7.199, while its highest level today came at 0.7324, after closing last week at 0.7289 and opening today at 0.7304.

Support Levels: 0.7271 – 0.7251 – 0.7220

Resistance Levels: 0.7322 – 0.7353 – 0.7373

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