The war crisis between Russia and Ukraine is reported to have entered its 46th day, yet there are still no clear signs for tensions to subside or agreement for a ceasefire in negotiations.
Western countries also did not rest on their laurels to put pressure on Russia by stepping up sanctions as the United States (US) reported restricting Russian investment last week.
Current developments still signal risky market sentiment and keep investors alert to movements for market -sensitive currencies.
Like the Australian dollar, which showed a decline in last week's trade, the US dollar gained the upper hand to strengthen.
The strengthening of the US dollar is expected to continue with the forecast of an increase in the US inflation rate in the data to be published this week.
On the price chart of the AUD/USD pair, it can be observed that the price made a jump at the beginning of last week, before the price declined lower at the weekend.
The high reached level is at the resistance of 0.76500 before the decline then hits up to the price support zone at 0.74400.
Until the end of the week, the price remained signaling for movement on the bearish trend when moving below the Moving Average 50 (MA50) barrier level on the 1 -hour time frame.
The support level of 0.74400 which is in the RBS zone (resistance become support) was also tested in the Asian session trade today (Monday) before rising slightly at the end of the session.
A lower decline is expected for the price to continue the bearish trend by making some of the latest levels as the next target.
Among them is around the 0.73700 zone or lower is likely to reach up to the 0.72800 zone.
However, if the price manages to make a rise from the RBS 0.74400 zone, the resistance zone that is the focus to be tested is at 0.75500 after the rise past the MA50 barrier signals a change in the bullish trend.
If the higher rise continues, the resistance zone at the high of 0.76500 reached last week will return to the price focus.
Aussie investors will focus on the Australian jobs data report to be published this week.
