The Aussie dollar extends bear leg from 0.7560 lower top to new 11-month low at 0.7412 on Wednesday.
Stronger dollar on uncertainty over Iran and higher oil prices keep Aussie firmly in red, along with bearish daily techs.
Bears approach psychological 0.7400 support and could extend towards next key support at 0.7321 (Fibo 61.8% of larger Jan 2016 / Jan 2018 0.6818/0.8135 recovery).
Falling 10SMA capped recent recovery attempts and continues to track descend, offers solid resistance at 0.7510 which is expected to cap corrective upticks.
Res: 0.7453, 0.7472, 0.7510, 0.7542
Sup: 0.7412, 0.7370, 0.7321, 0.7300
