The Aussie accelerated lower on Tuesday after RBA and took out support at 0.7588 (Fibo 61.8% of 0.7489/0.7747 rally / lows of 28 Mar/03 Apr), completing Failure Swing pattern on daily chart.
Fresh bears are now pressuring strong supports at 0.7548/43 (200SMA / weekly cloud top), break of which would open way towards key short-term support at 0.7489 (09 Mar low).
Daily studies are turning into full bearish setup and support further weakness, after the pair returned into thick daily cloud that underpinned the uptrend since early March.
Oversold near-term studies suggest that bears may show hesitation at 200SMA support.
Bear-cross formed by daily Tenkan-sen / Kijun-sen lines at 0.7616, is expected to cap extended upticks.
Res: 0.7588, 0.7616, 0.7638, 0.7656
Sup: 0.7548, 0.7506, 0.7489, 0.7467
