Investing.com - The Australian dollar slipped lower against its U.S. counterpart on Monday, as Friday's positive U.S. employment data continued to lend broad support to the greenback.
AUD/USD hit 0.7387 during late Asian trade, the session low; the pair subsequently consolidated at 0.7397, shedding 0.29%.
The pair was likely to find support at 0.7330, the low of August 7 and resistance at 0.7451, the high of July 21.
The Labor Department reported on Friday that the U.S. economy added 215,000 jobs last month, slightly lower than forecasts for an increase of 223,000, but still consistent with strong employment growth.
The unemployment rate remained unchanged at 5.3%, in line with expectations.
Hourly earnings, a component of the jobs report that the Federal Reserve has said must rise, ticked up 0.2%, also matching forecasts after stalling in the previous month.
The data was seen as reinforcing expectations for higher U.S. interest rates.
In the past three months the greenback has been boosted by investor expectations that the Fed will raise short term interest rates in the coming months, possibly as early as September.
The Aussie was also lower against the euro, with EUR/AUD rising 0.30% to 1.4828.