AUD/USD consolidates the nonfarm payrolls mayhem

AUD/USD is settled well below the 0.76 handle with the 200 sma on the hourly sticks at 0.7571 with spot at 0.7566.

Risk was firmer on the nonfarm payrolls disappointment, but a surge in the greenback across the board left the Aussie back within previous resistance and ranges, unable to capitalize on the fact that the Fed are unlikely to raise rates in September. The key there remains with the Central Banks and the fact that the markets see the divergence between the RBA and Federal Reserve with the Fed still tipped to hike rates at some stage sooner than others for the foreseeable future. 

AUD/USD levels

Valeria Bednarik, chief analyst at FXStreet explained that the 4 hours chart, "Shows that the price is currently above a horizontal 20 SMA, but still below the 200 EMA, whilst indicators have lost upward potential within positive territory, indicating decreasing buying interest around the current region." Meanwhile, 0.7480 and 0.7680 are the key levels in the short-term.