AUD/USD clings to gains near 0.7650

The Australian dollar managed to advance slightly versus the greenback on Monday as market sentiment improved over the last hours.

AUD/USD bounced from a daily low of 0.7602, as the 0.76 area has proved to be a strong support, and climbed back to the 0.7650 zone in recent dealings. At time of writing, the pair is trading at 0.7642, recording a 0.39% gain on the day.

The US dollar failed to recover ground despite better-than-expected US new home sales data and continues to underperform among main rivals.

AUD/USD levels to watch

As for technical levels, next resistances are seen at 0.7674 (Sep 22 high), 0.7697/0.7700 (Sep 7 high/psychological level), 0.7731 (Sep 8 high) and 0.7759 (Aug 11 high). On the other hand, supports could be faced at 0.7602/00 (Sep 26 low/psychological level), 0.7582 (50-day SMA) and 0.7554 (10-day SMA).