• The AUD/USD inched higher on Monday, as downbeat U.S. economic data late last week pushed back expectations of a rate hike by the Federal Reserve.
   
• The pair rose in the Asian session after finding buying interest around 0.7576 levels before retreating slightly towards 0.7569 levels in the early US session.
   
• Currently, the currency pair is trading at 0.7569 levels, it is set to advance future towards 0.7700 and 0.7750 levels in the short term.
   
• To the upside, the strong resistance can be seen at 0.7707, a break above this level would take the pair towards next resistance level at 0.7771.
   
• To the downside immediate support can be seen at 0.7568, a break below this level will open the door towards next level at 0.7508.​
  
  Resistance Levels
  
  R1: 0.7630 (38.2% Retracement level)
  
  R2: 0.7707 (23.6% Retracement level)
  
  R3: 0.7771 (May 27th high)​
  
  Support Levels
  
  S1: 0.7568 (50% Retracement level)
  
  S2: 0.7508 (61.8% Retracement level)
  
  S3: 0.7421 (July 27th lows)