The Aussie remains trapped under the 0.7400 level despite a walkback  by the USD. Friday sees US NFP and tariff action, keeping  markets tense ahead of the action. The AUD/USD is continuing to trade just beneath the 0.7400 handle as the Aussie remains clipped by a lack of bullish data. The Australian AiG Performance of Manufacturing Index will be printing at 22:30 GMT late Thursday, which last came in at a reading of 54, but the Aussie heads into the week’s end with no other meaningful data on the docket. The AUD/USD has left its directional bias squarely in the hands of USD traders, and the US Dollar will be seeing an intense Friday, with the US Non-Farm Payrolls at 12:30 GMT, as well as the next round of tariffs between the US and China are set to come into effect. Trade concerns have been the market’s overall theme for this week in the run-up to the enaction of US tariffs, and the Aussie has been constrained near current lows after setting a new low for 2018 this week. AUD/USD levels to watch The pairing is beginning to twist towards the downside as the AUD fails to capitalize on a retracement in the Greenback, and as FXStreet’s Valeria Bednarik noted, “the pair presents an increasingly bearish technical stance according to the 4 hours chart, as the early advance was rejected by a bearish 100 SMA, with the pair now pressuring a horizontal 20 SMA and technical indicators heading lower, entering bearish territory. The decline will likely accelerate on a break below 0.7345, the immediate support, while the upside will look more constructive only on an upward extension above 0.7440.” Support levels: 0.7345 0.7310 0.7275 Resistance levels: 0.7410 0.7440 0.7480 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US-Iran tensions on the rise as Iran threatens to block the Strait of Hormuz – Reuters FX Street 4 years The Aussie remains trapped under the 0.7400 level despite a walkback  by the USD. Friday sees US NFP and tariff action, keeping  markets tense ahead of the action. The AUD/USD is continuing to trade just beneath the 0.7400 handle as the Aussie remains clipped by a lack of bullish data. The Australian AiG Performance of Manufacturing Index will be printing at 22:30 GMT late Thursday, which last came in at a reading of 54, but the Aussie heads into the week's end with no other meaningful data on the docket. The AUD/USD has left its directional bias squarely in the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.