The Aussie pressures strong support at 0.7539 (daily cloud top) following three days in red after repeated upside rejections above 0.7600.
Strong bearish signals have been generated on close below 10/100SMA’s that keeps negative near-term outlook.
Dips should be ideally contained above strong support zone between 0.7539 and 0.7527 (daily cloud base / Fibo 38.2% of 0.7369/0.7635 upleg / 200SMA) to keep in play broader bulls which are underpinned by 20/55 and 30/55SMA bull-crosses.
Conversely, bearish extension below 0.7539 /27 pivots would confirm reversal from 0.7630 zone tops and risk further retracement of 0.7369/0.7635 rally.
Res: 0.7555, 0.7574, 0.7600, 0.7630
Sup: 0.7539, 0.7527, 0.7516, 0.7492
