AUD/USD trying to find a leg up, reaching up from 0.7650

• The Aussie is working itself upwards after declining in Monday's risk flight with the rest of the broader market.
• RBA rate statement unlikely to produce much movement as traders have already priced the RBA out.

The Aussie is lifting in Tuesday's early trading, near 0.7670 after sinking further in Monday's post-Easter holiday action.

The AUD/USD is catching some buyers ahead of the Reserve bank of Australia's (RBA) Interest Rate Decision hitting the markets at 04:30 GMT, though the RBA may not have to worry too much about negative reactions from traders: with the RBA already anticipated widely to stand pat on interest rates well into next year, it's unlikely that markets will be shaken from a lack of hawkish positioning from the RBA. Australia's AiG Performance of Manufacturing Index came in at expectations today, printing a 63.1 versus the previous 57.5, while the ANZ Job Advertisements indicator for March came in at 0, a minor uptick from the previous reading of 0.3 percent. The overall market reaction was limited for both indicators as traders are focused on measuring risk appetite ahead of the week's key NFP event.

This week marks Non-Farm Payrolls week, and all eyes will be on the US jobs report dropping on Friday. Jobs growth has been a decent figure within the US economy as of late, but wage growth has been showing signs of stalling, and traders will be looking deeper into the jobs report's numbers as the Fed continues to ponder multiple rate increases this year.

Before Friday can arrive though, markets are still roiling with renewed fears about a trade war after China fired back at the US with their own set of tariffs over the weekend, which they announced the previous week. The flight to safety has returned to markets, and sentiment is backpedaling into safe havens like the Yen.

AUD/USD Levels to watch

Despite the bounce off of the fresh low at 0.7650, the technical outlook remains steady, and as FXStreet's own Haresh Menghani noted, "Immediate support is pegged near the 0.7655-50 region, below which the pair seems to continued drifting lower and head towards testing the 0.7600 handle. On the flip side, the 0.7690-0.7700 region now seems to have emerged as an immediate hurdle, which if cleared could lift the pair further towards the 0.7745-50 supply zone."