The Aussie dollar regained traction on Friday and resumed recovery rally from 0.7640 base, which was interrupted by two-day consolidation.
Fresh bullish acceleration was triggered by renewed bullish sentiment in the market and cracked and hit new one-month high at 0.7803 on probe through psychological 0.7800 barrier.
Bulls pressure pivotal barrier at 0.7811 (Fibo 61.8% of 0.7916/0.7642 descend / falling 200SMA) and turn focus towards strong barrier at 0.7834 (base of thickening daily cloud).
Weekly close above 0.7811 would generate bullish signal for further recovery, as near-term base has formed at 0.7640 zone.
Broken 100SMA (0.7786) which previously marked strong barrier, now offers immediate support ahead of sideways-moving 30SMA (0.7744) which is expected to keep to keep the downside protected.
Res: 0.7811, 0.7834, 0.7851, 0.7885
Sup: 0.7786, 0.7744, 0.7716, 0.7708
