• The Australian dollar plumbed 6-1/2-year lows at $0.6892 on Monday on global growth concerns
  
  
• The pair recovered from fresh multi-year lows on the back of upbeat construction data and edged higher to 0.6948 on the day
  
  
• But sellers at highs capped rallies and the pair struggling to hold intraday gains, commodity currencies under pressure again in the last hour 
  
  
• A firm start on the Shanghai stock index following a four-day national holiday spurred a renewed wave of risk-sentiment 
  
  
• Technicals point south for the Aussie, lower levels are likely, RSIs are oversold but show no divergence
  
  
• This week comes with the key jobs report for the Australian economy, an upbeat outcome may prove to support the unit 
  
  
• AUD/USD is currently trading at 0.6917, with strong resistance at 0.6931 (Hourly Tenkan), breaks above could take it to 0.6950 levels
  
  
• Supports on the downside are located at 0.6909 (Session low September 4) and then at 0.6892  (Session low September 7)
  
  

Resistance Levels:

R1: 0.6931 (Hourly Tenkan)

R2: 0.6948 (Session highs Sept 7)

R3: 0.7022 (Session High Sept 4)

Support Levels:

S1: 0.6909 (Session low September 4)

S2: 0.6892  (Session low September 7)

S3: 0.6855 (Daily Low Apr 1 2009)