The Australian dollar moved higher from session low at 0.7348, consolidating fall from the session high at 0.7372, posted in Asia.
Upbeat Australian retail sales data provided little support to the pair, maintaining bearish bias, built in past two days fall.
Bearish daily techs favor further downside, with strong US jobs data, expected to further boost bears.
Near-term focus turns towards key supports at 0.7317/10 (20/02 July lows), with extended upticks to be capped under 0.7400 zone (converged 10/30SMA’s).
Res: 0.7373, 0.7389, 0.7400, 0.7429
Sup: 0.7348, 0.7322, 0.7317, 0.7310
