AUD/USD supported at 100-DMA ahead of payrolls

The AUD/USD pair stalled its downslide at 100-DMA support and now attempts a tepid-bounce towards 0.76 handle amid subdued commodities’’ prices and a broadly higher US dollar.

AUD/USD awaits NFP

Currently, the AUD/USD pair trades -0.16% lower at 0.7574, reverting towards daily highs previously posted at 0.7587. The Aussie once again found strong bids at 100-DMA, as the bears take a breather before the next push lower, which is likely to be triggered by stronger US employment data due on the cards later today.

The spot remains under pressure as sentiment towards higher-yielding currencies appears dampened after the GBP flash crash spooked markets. Additionally, increased nervousness ahead of the US NFP report, also keeps the AUD bulls on the back foot.

AUD/USD Levels to watch   

The pair finds the immediate resistance at 0.76063 (20 & 50-DMA) above which gains could be extended to the next hurdle located at 0.7638 (10-DMA) and 0.7693 (Oct 4 high). On the flip side, the immediate support located at 0.7560 (100-DMA). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7500 (key support) and below that at 0.7487 (200-DMA).