The Aussie dollar holds in red on Wednesday, easing from recovery top at 0.7383, as risk aversion on the newest political turmoil in the US and overbought condition weigh on near-term bulls. Corrective dips may extend as slow stochastic is reversing in overbought territory and signaling correction, with broken 10SMA (0.7303) expected to contain extended dips and keep near-term bulls in play for push towards next target at 0.7400 (55SMA).
Res: 0.7368, 0.7381, 0.7400, 0.7453
Sup: 0.7333, 0.7303, 0.7252, 0.7202
