Investing.com - The Australian dollar slipped lower against its U.S. counterpart on Monday, after the release of downbeat Australian vehicle sales data, although Friday's U.S. economic reports limited the greenback's gains.
AUD/USD hit 0.8005 during late Asian trade, the session low; the pair subsequently consolidated at 0.8022, shedding 0.21%.
The pair was likely to find support at 0.7950, the low of May 13 and resistance at 0.8088, the high of May 15.
In a report, the Australian Bureau of Statistics said that new motor vehicle sales fell 1.5% last month, after a 0.5% rise in March.
Meanwhile, the greenback remained under pressure after data on Friday showed that U.S. industrial production fell for the fifth straight month in April and another report showed that U.S. consumer sentiment deteriorated to a seven month low this month.
The reports came after disappointing data on retail sales and producer inflation earlier in the week and dampened hopes for a second quarter rebound after a sharp slowdown in growth in the first three months of the year.
The Aussie was steady against the euro, with EUR/AUD at 1.4244.