AUD/USD extending losses on bearish gap

FXStreet (Guatemala) – AUD/USD is trading at 0.8261, down -0.36% on the day, having posted a daily high at 0.8305 and low at 0.8255.

Conditions in the business sector of Australia dropped which has impacted the currency yet again the basis of poorer employment prospects in the economy.

AUD/USD has made a fresh low for the session on the back of the results and continues to move deeper along the bearish trend exceeding overnight lows below the bearish gap. Further downside levels come with 0.8259 (Daily Classic S1), 0.8255 (Daily Low), 0.8246 (Weekly Classic S1) and 0.8226 (Daily Classic S2).