• AUD/USD declined to trade in lower range on Friday as strong US Non-farm payrolls data strengthened the green back against its Australian peer.
   
• Adding to the Aussie decline was also due to further fall in Crude oil prices, as oversupply and strength of the dollar weighted on the commodity.
   
• Currently the pair is making an attempt to test support level at 0.7596. 
   
• Further upside is expected to be limited as the pair finds strong resistance at 0.7720 which should limit upside and bring a decline towards lower levels. 
   
• Technically in the 4 hours chart, the pair has extended its decline below its 20 SMA, whilst the RSI heading south at 49.
   
• To the upside, the strong resistance can be seen at 0.7720, a break above this level would take the pair towards next resistance level at 0.7798.
   
• To the downside immediate support can be seen at 0.7596, a break below this level will open the door towards next level at 0.7555.
  
  
  Resistance Levels
  
  R1: 0.7678 (50% Retracement level)  
  
  R2: 0.7720 (March 31st high)
  
  R3: 0.7798 (61.8% Retracement level)
  
  Support Levels
  
  S1: 0.7596 (Daily lows)
  
  S2: 0.7555 (38.2% Retracement level)
  
  S3: 0.7480 (March 28th lows)