AUD/USD under pressure, but regains 0.76 ahead of China trade

The AUD/USD pair maintains the offered in Asia so far this session, with the bulls still weighed down upbeat US NFP data, while focus now shifts towards the Chinese trade data for fresh impetus.

AUD/USD retests 5-DMA at 0.7611

Currently, the AUD/USD pair trades -0.11% lower at 0.7609, bouncing-off a brief dip below 0.76 handle. The AUD/USD pair fails to benefit from a risk-friendly environment and remains under pressure as the USD bulls continue to cheer stronger US jobs report released last Friday.

While a cautious sentiment prevails around the Aussie, as markets eagerly await the Chinese trade numbers for further incentives on the major amid a data-quiet trading session ahead.

Moreover, markets digest weaker Aus job ads data alongside news that the Australian newly elected senator got arrested, both news negatively affecting the domestic currency.

AUD/USD Levels to watch   

The pair finds the immediate resistance at 0.7664 (Jul 5 high) above which gains could be extended to the next hurdle located at 0.7700 (round figure). On the flip side, the immediate support located at 0.7589 (10-DMA). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7548 (20-DMA).