Investing.com - The Australian dollar pulled away from two-week highs against its U.S. counterpart on Monday, as Friday's upbeat U.S. data continued to support the greenback and as Greece's debt troubles still dominated market attention.
AUD/USD hit 0.7814 during late Asian trade, the session low; the pair subsequently consolidated at 0.7811, sliding 0.38%.
The pair was likely to find support at 0.7745, the low of February 17 and resistance at 0.7879, the high of February 6.
The greenback found support after preliminary data on Friday showed that the U.S. manufacturing purchasing managers' index rose to 54.3 this month from 53.9 in January, beating expectations for a fall to 53.6.
Meanwhile, investors remained cautious as Athens was to present a list of reforms on Monday to be approved by the country’s creditors in order to secure its four-month bailout extension, which will give it more time to reach a lasting agreement with its creditors.
On Friday, the euro zone approved the extension of Greece’s €240 billion bailout, removing concerns that the country would face a liquidity crunch when its current bailout agreement expired at the end of the month.
The Aussie was lower against the euro, with EUR/AUD rising 0.23% to 1.4542.
Later in the day, the U.S. was to publish a report on existing home sales.