The Aussie’s directionless near-term mode extends into second day after Friday’s action was shaped in Doji. Monday’s upside attempts stalled at 0.8035 (Friday’s high) after the second attempt to break daily Tenkan-sen barrier failed The price is holding around 0.8000 handle and may extend consolidation, as bullish daily studies so far did provide enough thrust for further upside. Strong supports at 0.7977/66 zone (main bull-trendline off 0.7370/20SMA/daily Kijun-sen) stay intact for now and keep alive hopes of fresh upside action, however, increased risk of deeper correction from 0.8124 high could be expected on sustained break lower.
Res: 0.8040, 0.8065, 0.8100, 0.8124
Sup: 0.7992, 0.7977, 0.7966, 0.7929
