The Aussie dollar stays in red for the third consecutive day, extending pullback from 0.7630 zone after multiple upside rejection.
Fresh bearish extension on Wednesday cracked supports at 0.7566/57 (10 / 100SMA’s) and increasing risk of further easing towards key near-term supports at 0.7539 (daily cloud top) and 0.7534/27 (Fibo 38.2% of 0.7369/0.7635 / 200SMA.
Correction should be ideally contained here to keep larger bulls intact for renewed attempts above 0.7600 and extension towards targets at 0.7650 (Fibo 76.4% of 0.7749/0.7328) and 0.7679 (30 Mar lower top).
Conversely, break lower would sideline broader bulls for deeper correction.
Res: 0.7586, 0.7623, 0.7635, 0.7650
Sup: 0.7539, 0.7527, 0.7512, 0.7490
