The Aussie dollar extends strong rally on Monday and cracked initial barrier at 0.7476 (falling 30SMA), eyeing pivotal resistance at 0.7493 (daily Kijun-sen / 50% retracement of 0.7676/0.7310 descend).
Renewed bullish sentiment of soft US jobs data last Friday is helped by strong bullish momentum on daily chart.
Repeated close above 20SMA would generate initial bullish signal, with confirmation of bullish continuation expected on sustained break above daily Kijun-sen.
This would open way for test of key barriers at 0.7536/55 (Fibo 61.8% / daily cloud base).
Daily cloud is thinning and could attract for further advance.
Broken 20SMA (0.7416) is expected to keep the downside protected.
Res: 0.7493, 0.7536, 0.7555, 0.7590
Sup: 0.7540, 0.7428, 0.7416, 0.7387
