(AUDUSD) Aussie dropping off
 

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The (AUDUSD) Aussie fell away from its multi-month high after last week’s decision to increase its cash rate. The meeting also noted that economic activity has been stronger than expected, as the central bank looks to capitalise on a shaky American dollar. Inflation risks are still expected to keep the tone dovish for now, as the pair remains optimistic, and prices remain bullish. 0.7100 is the target higher at the previous peak, with 0.6950 as the first support.
 

XAUUSD remains volatile
 

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Gold looks for the next fundamental signal as price action continues its volatile road. As global risks simmer and the chance of another government on the horizon, the yellow metal could be in for another sell-off. With the current whipsaw pushing traders in and out of the market, a confirmed move higher needs a break above 5100. This week’s inflation data could boost the dollar, as 4500 becomes a critical support.
 

NAS 100 hits a fresh low
 

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The sell-off in technology stocks intensified last week, as the Nasdaq and many indices broadly dived. Even though earnings season has been progressive, the general outlook for this year doesn’t look too optimistic. The winners and losers of the stock market are evident, with further earnings expected this week. The thousand-point loss over previous sessions will look for 24500 support, with 25200 as the target higher.

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