The Aussie hit fresh low at 0.7866 on Thursday in extension of pullback from 0.7950, retracing 61.8% of 0.7807/0.7962 upleg.
Fresh weakness on Thursday marks the third straight day in red that broke below daily Tenkan-sen (0.7885).
Subsequent bounce from 0.7866 returned above cracked Tenkan-sen signaling hesitation at pivotal supports. Bears need close below both points to generate fresh signal for further easing.
Mixed signals on daily chart (conflicting MA’s / RSI / slow stoch in neutrality zone and negative momentum studies) do not provide clear direction signal, but bearishly aligned near-term tech keep focus at the downside.
Sustained break below 0.7866 to expose key near-term support at 0.7807, while lift above 0.7916 /25 (20SMA / bear-trendline off 0.8065) would shift near-term focus higher.
Res: 0.7916, 0.7925, 0.7950, 0.7962
Sup: 0.7885, 0.7866, 0.7844, 0.7807
