AUD/USD refreshes session tops, closer to mid-0.7700s

   •  Persistent USD weakness continues driving the pair higher.
   •  Traders shrug off weaker commodities/pickup in the US bond yields.
   •  Traders now eye Fedspeaks for some fresh impetus.

The AUD/USD pair extended its steady climb from an intraday low level of 0.7695 and refreshed session tops in the last hour. 

Despite easing US-China trade war fears, the US Dollar selling remains unabated through the early European session and was seen as one of the key factors behind the pair's strong bid tone at the start of a new trading week. 

Meanwhile, bearish commodity prices, especially copper, and a goodish pickup in the US Treasury bond yields did little to prompt any fresh selling around the commodity-linked/higher-yielding Australian Dollar, with persistent USD weakness acting as an exclusive driver of the up-move to Friday's swing high resistance. 

It, however, remains to be seen if the momentum is strong enough to continue lifting the pair or the up-move once again fizzle out near the 0.7765-70 supply zone amid empty US economic docket. Investors now look forward to speeches by influential FOMC member for fresh clues over the US central bank's monetary policy outlook, which might eventually provide some short-term impetus. 

Technical levels to watch

On a sustained move beyond the mentioned hurdle near the 0.7765-70 region, the pair seems all set to head towards testing an important moving averages confluence resistance near the 0.7800 handle.

Alternatively, weakness back below the 0.7720-15 area now seems to drag the pair back towards 0.7680-75 support, below which the fall could get extended towards 0.7640 level en-route the 0.7600 handle.