The Aussie remains constructive on Friday and probes above three-day congestion top at 0.7396. Bullish closes of past two day signal that immediate downside risk is sidelined, as broader bears found support at 0.7329 (weekly cloud base). The first pivot lies at 0.7416 (falling 10SMA/Fibo 38.2% of 0.7554/0.7327 downleg), firm break of which would signal stronger correction of 0.7554/0.7327 downleg . Next obstacle lies at 0.7440 (50% retracement), ahead of 0.7467 (Fibo 61.8% retracement, reinforced by falling 20SMA) which is expected to cap recovery before larger bears resume for renewed attack at weekly cloud base pivot.
Res: 0.7416, 0.7440, 0.7467, 0.7500
Sup: 0.7364, 0.7329, 0.7298, 0.7250
