AUD/USD extends slide to 0.7350 area on broad USD strength

• AUD/USD dropped to a fresh weekly low during the American session.
• US Dollar Index continues to edge higher toward 93.00.
• Wall Street's main indexes trade in the negative territory.

The AUD/USD pair came under renewed bearish pressure during the American trading hours and touched a weekly low of 0.7345. As of writing, the pair was down 0.36% on the day at 0.7358.

USD capitalizes on risk-off flows

The broad-based USD strength in the second half of the day continues to weigh on AUD/USD. In the absence of high-tier macroeconomic data releases, the greenback finds demand as a safe haven amid the souring market mood. Reflecting the risk-averse market environment, Wall Street's three main indexes are down between 0.4% and 0.8%. Currently, the US Dollar Index is rising 0.3% on the day at 02.79.

Earlier in the day, the data from the US revealed that the JOTS Job Openings rose to a new series-high of 10.9 million in July. On a negative note, the IBD/TIPP Economic Optimism Index fell below 50 for the first time in 2021 in September.

Later in the session, the 10-year US Treasury note auction will be watched closely by market participants. Additionally, the US Federal Reserve will release its Beige Book at 1800 GMT.

There won't be any data releases featured in the Australia economic docket on Thursday.

Technical levels to watch for