AUD/USD struggled to perverse intraday gains to one-week tops amid sustained USD buying. Weakness back below the 0.7600 mark will now be seen as a fresh trigger for bearish traders. The AUD/USD pair extended its intraday retracement slide from one-week tops and refreshed daily lows, around the 0.7600 mark heading into the American session. A sustained break below 100-hour SMA was seen as a key trigger for bearish traders amid a strong follow-through US dollar buying interest. Against the backdrop of the upbeat US economic outlook, a sharp intraday spike in the US Treasury bond yields provided an additional boost to the greenback. Meanwhile, technical indicators on the daily chart have started drifting into the negative zone and support prospects for an extension of the recent depreciating move. That said, the AUD/USD pair, so far, has been showing some resilience below the 100-day SMA, warranting caution for bearish traders. Hence, it will be prudent to wait for some follow-through selling below the 0.7600 mark before placing fresh bearish bets. The AUD/USD pair might then turn vulnerable to weaken further below monthly swing lows, around the 0.7565-60 region and accelerate the slide to test the key 0.7500 psychological mark. On the flip side, the overnight closing level, around the 0.7630 region now seems to act as immediate strong resistance. Any subsequent move might be seen as an opportunity to initiate fresh bearish positions and once again fizzle out near the daily swing highs, around the 0.7660-65 region. That said, some follow-through buying will negate the negative outlook and prompt some short-covering move. The AUD/USD pair might then aim back to reclaim the 0.7700 round-figure mark. AUD/USD 1-hourly chart Technical levels to watch  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 Copper set to plummet towards $7000 after its best quarter since Q3-2011 – TDS FX Street 1 year AUD/USD struggled to perverse intraday gains to one-week tops amid sustained USD buying. Weakness back below the 0.7600 mark will now be seen as a fresh trigger for bearish traders. The AUD/USD pair extended its intraday retracement slide from one-week tops and refreshed daily lows, around the 0.7600 mark heading into the American session. A sustained break below 100-hour SMA was seen as a key trigger for bearish traders amid a strong follow-through US dollar buying interest. Against the backdrop of the upbeat US economic outlook, a sharp intraday spike in the US Treasury bond yields provided an additional boost… Regulated 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.