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    AUD/USD remains capped below 0.7400 on China data dump

    A renewed bout of buying interest seen in the AUD/USD pair appears to lose steam just ahead of 10-DMA at 0.7380 levels following the release of below estimates Chinese economic data.AUD/USD: 100-DMA eyed?Currently, the AUD/USD pair trades modestly flat at 0.7379, easing-off fresh session highs at 0.7386. The Aussie met fresh supply after the Chinese data dump failed to impress the AUD bulls and added to the persistent risk-off moods across the financial markets.Industrial production rose 6.0% y/y in May, same as seen a month before and lower than the forecast of 6.1%. Retail sales rose 10.0% y/y last month, missing expectations of a 10.1% increase. While fixed asset investment rose 9.6% y/y in May, down from 10.5% in April, and the slowest rate on record.The recovery in the AUD/USD pair after a two-day sell-off, also lacks follow-through as risk-off remains in full swing in Asia this Monday on the back of tumbling oil prices and equities, with all eyes now focussed on the FOMC and BOJ policy decision due out in the week ahead.Meanwhile, markets digest the Chinese macro news amid light trading as most Australian markets remain closed today in observance of the Queen's Birthday. While the EUR and US calendar also remains absolutely data-empty.AUD/USD Levels to watch    The pair finds the immediate resistance at 0.7400/06 (round number/ 5-DMA) above which gains could be extended to the next hurdle located at 0.7432/50 (1h 100-SMA). On the flip side, the immediate support located at 0.7356 (1h 200-SMA). Selling pressure is likely to intensify below the last, dragging the Aussie 0.7280 (200-DMA).


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