AUD/USD keeps the red below 0.76 handle post-dismal ADP report

The AUD/USD pair held weaker through early NA session, albeit has rebounded few pips from session lows post-ADP report.

Currently trading around 0.7590-95 region, the pair found some support after data released from the US showed private sector employers added 158K new jobs during the month of June. The headline numbers were much weaker than 185K expected and worse than 253K new jobs added last month. 

   •  US: Private sector employment increased by 158,000 jobs in June - ADP

Today's reading also marks the lowest new jobs since October 2016 and might have dented expectations from Friday's official jobs data (NFP), and was eventually seen weighing on the US Dollar.

However, a continuous upsurge in global bond yields continued weighing on higher-yielding currencies and did little to extend any immediate strong support to the major. 

Today's US economic docket also features the release of trade balance data and ISM non-manufacturing PMI, due for release in a short while from now. 

Technical levels to watch

A follow through selling pressure below 100-day SMA support near mid-0.7500s should continue dragging the pair further towards the very important 200-day SMA support near 0.7535 region en-route 50-day SMA support near the key 0.75 psychological mark.

On the upside, any recovery move back above the 0.7600 handle might continue to face some fresh supply near the 0.7630-35 region, above which teh pair is likely to make a fresh attempt to reclaim the 0.7700 handle.