The Australian dollar fell in Asia, turning near-term focus lower after multiple upside rejections at 200 SMA (0.7697) last week).
Key support at 0.7632 (Fibo 61.8% of larger 0.7328/0.8124 ascend) which was repeatedly dented but without clear break) came under pressure again.
Bears need sustained break and close below the later to signal continuation and expose targets at 0.7572/71 (07/05 July higher lows) then 0.7535 (22 June trough) and 0.7516 (Fibo 76.4%). Broken descending 10SMA (0.7668) offers resistance which is expected to ideally cap and guard key 200SMA barrier.
Res: 0.7668, 0.7697, 0.7719, 0.7730
Sup: 0.7632, 0.7625, 0.7571, 0.7535
