Aussie is under pressure despite the strong employment report

The Australian macro data released today was not quite good to boost the Aussie. The AUD/USD pair is trading at weekly lows and is closing the day below the 0.8000 handle and having marked daily low at  0.7956.

Technically speaking the pair is showing bearish signs on the four-hour time frame. The price is moving well below its bearish 20-day SMA, while the 100-day and 200-day SMAs are staying flat and are providing good support levels. RSI and stochastic are located below their mid-lines and both had lost directional strength. 

Key support is seen at 0.7965 and if breaking below it, the pair could be dragged even lower towards 0.7930. Strong challenge for the bulls remains the psychological level 0.8000 and in case of conquering it, next target would be 0.8035.