AUD/USD crumbles to fresh 6-year lows

By FXStreet FXStreet (Córdoba) – The Australian dollar fell further and printed its lowest level since April 2009 against the greenback as weak Chinese data fueled concerns over cooling economy of the main Australian trade partner.

AUD/USD broke below the 0.7035 area and extended losses to a fresh cycle low of 0.7015 in recent dealings. At time of writing, the pair is trading at 0.7035, recording a 1.36% loss on the day.

AUD/USD levels to watch

On the downside, immediate supports are seen 0.7015 (Sep 1 low) ahead of 0.7000 (psychological level) and 0.6988 (Apr 28 2009 low). On the upside, resistances could be found at 0.7152 (Sep 1 high), 0.7189 (10-day SMA) and 0.7200 (psychological level).
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Source:: FX Street