Investing.com - The Australian dollar held steady against its U.S. counterpart in light trade on Monday, as strong U.S. durable goods data continued to support demand for the greenback.
AUD/USD hit 0.9385 during late Asian trade, the pair's lowest since July 23; the pair subsequently consolidated at 0.9390, easing 0.05%.
The pair was likely to find support at 0.9338, the low of July 18 and resistance at 0.9462, the high of July 23.
The greenback remained supported by better than expected data on U.S. durable goods orders for June.
The Commerce Department on Friday reported a rise of 0.7% in orders of long lasting goods such as machinery and electronic products, compared to forecasts of 0.5%.
Market participants were eyeing the U.S. employment report due later in the week and the upcoming Federal Reserve statement expected on Wednesday. Investors were also awaiting final data on U.S. second-quarter growth on Wednesday.
The Aussie was fractionally lower against the euro, with EUR/AUD edging up 0.08% to 1.4305.
Later in the day, the U.S. was to release data on pending home sales.