AUD/USD awaits key data around 0.76 pivot

Currently, AUD/USD is trading at 0.7606, up 0.03% on the day, having posted a daily high at 0.7610 and low at 0.7603.

AUD/USD has been a chop, similar to its Kiwi counterpart taking advantage of some weakness in the dollar where commodities have been able to recover to a degree, evident in copper and iron ore prices overnight. 0.7600 remains as a key pivot ahead of the NAB Business Conditions/Confidence and Home Loans data.

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AUD/USD levels

Valeria Bednarik, chief analyst at FXStreet explained that technically, the pair is the neutral-to-bullish short term, as in the 4 hours chart, the price is hovering right above a flat 20 SMA, whilst technical indicators head north around their midlines. "Friday's high of 0.7620 is the immediate resistance, with gains beyond the level favoring additional advances towards the 0.7700 price zone."