AUD/USD upside capped ahead of 0.7700

AUD/USD managed to inch higher on Monday with the US dollar trading mixed across the board amid better sentiment as investors attention turns to top-tier data to be released this week.

AUD/USD moved a tad higher, but the upside was capped by the 0.7680 area. At time of writing, the pair is trading at 0.7671, up 0.21% on the day.

The week kicks off with US ISM mfg PMI, while Aussie traders will be watching RBA decision next Asian session followed by Aus retail sales. The cherry of the week will be US nonfarm payrolls on Friday.

AUD/USD technical levels

In terms of technical levels, next resistances could be faced at 0.7709 (Sep 29 high), 0.7759 (Aug 11 high) and 0.7800 (psychological level). On the other hand, supports are seen at 0.7639 (10-day SMA), 0.8600 (psychological level/50-day SMA) and 0.7534 (Sep 21 low).