• AUD/USD inched higher on Monday as Australian dollar was helped by rally in commodities prices but gains were as the pair found resistance at 0.7600 levels.
   
• In the next session Australia will release NAB Business Confidence and NAB Business Confidence which if positive, may send the pair back to its recent highs near the 0.7633 level.
   
• To the upside, the strong resistance can be seen at 0.7570, a break above this level would take the pair towards next resistance level at 0.7638.
   
• To the downside immediate support can be seen at 0.7480, a break below this level will open the door towards next level at 0.7423.
  
  Resistance Levels
  
  R1: 0.7600 (38.2% Retracement level)  
  
  R2: 0.7619 (April 6th high)
  
  R3: 0.7648 (23.6% Retracement level)
  
  Support Levels
  
  S1: 0.7568 (50% Retracement level)
  
  S2: 0.7529 (61.8% Retracement level)
  
  S3: 0.7491 (April 7th lows)