The Aussie dollar holds in directionless mode for the second day, entrenched within narrow consolidation.
The downside is for now supported by sideways-moving 30SMA (0.7743), with 10/20SMA bull-cross forming and underpinning near-term action along with strengthening momentum studies. Strong barrier, provided by 100SMA (0.7784) keeps the upside limited, with break here and nearby 200SMA (0.7811) needed to generate stronger bullish signal for extension of recovery from the 0.7640 base.
Conversely, negative signals could be expected on break and close below 30SMA which would increase risk of deeper pullback and signal formation of lower platform at 0.7770 zone.
Res: 0.7770, 0.7784, 0.7811, 0.7846
Sup: 0.7743, 0.7706, 0.7693, 0.7652
