AUD/USD breaks below 0.9300

FXStreet (San Francisco) - The Aussie is trading at daily lows at 0.9290 after extending declines from the 0.9375 area and breaking 0.9330 and 0.9300 levels as commodities are also going south on Monday.

Currently, AUD/USD is trading at 0.9297, down 0.87% on the day, having posted a daily high at 0.9376 and low at 0.9290. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.

AUD/USD levels

If the pair consolidates below 0.9300, it will face further supports at 0.9260 and 0.9250. On the upside, resistances are at 0.9330, 0.9360 and 0.9400.