Investing.com - The Australian dollar was almost unchanged against its U.S. counterpart on Monday, hovering close to one-month highs as demand for the greenback remained under pressure after recent U.S. data dampened optimsm over the strength of the recovery.
AUD/USD hit 0.7837 during late Asian trade, the session high; the pair subsequently consolidated at 0.7817.
The pair was likely to find support at 0.7761, the low of April 24 and resistance at 0.7886, the high of March 26.
The greenback weakened after the Commerce Department reported Friday that orders for durable goods, excluding aircraft, fell 0.5% in March, after a downwardly revised 2.2% drop in February.
The headline figure rose 4.0%, beating expectations for a 0.6% gain, but investors focused on underlying weakness in the report.
The data came after recent weak reports on home sales, retail sales and industrial production, adding to signs of a slowdown in economic growth since the start of the year.
The weak data led investors to push back expectations on the timing of an initial rate hike by the Federal Reserve.
The Aussie was lower against the euro, with EUR/AUD up 0.12% to 1.3905.