The Aussie bounced to 0.7875 in Asia, boosted by weaker US dollar and following repeated strong downside rejection at base of thick daily cloud at 0.7800, reinforced by rising 100SMA. Long-tailed candles in past two days and repeated failure to close below Fibo 38.2% at 0.7820 signal bears may take a break ahead of renewed attack at pivotal supports at 0.7820/00. Falling 10SMA (0.7875) and Tenkan-sen (0.7885) capped recovery attempts for now, with extended upticks expected to hold below cloud top (0.7930) and keep bears intact. Formation of 20/30SMA bear-cross today reinforces overall bearish stance. Firm break below daily cloud could accelerate towards 0.7726 (50% of 0.7328/0.8124 / weekly Kijun-sen). Alternative scenario requires sustained break above daily cloud top to signal reversal.
Res: 0.7875, 0.7885, 0.7930, 0.7945
Sup: 0.7820, 0.7800, 0.7785, 0.7726
