The Aussie was sharply lower on Wednesday and eased below 0.7500 handle after recovery rally from 0.7438 failed to clear key 200SMA barrier.
Fresh weakness through hourly cloud (0.7520/00) so far probed below 0.7482 (Fibo 61.8% of 0.7438/0.7554 upleg), signaling further weakness.
Close below daily Tenkan-sen (0.7510) will be seen as bearish signal, with close below 0.7482 needed to confirm reversal.
Technical studies on lower timeframes turned into bearish mode and maintain downside risk.
Cluster of resistances that lies within 0.7500/0.7524 zone is should keep the upside limited, with converged 20/100SMA’s at 0.7524 (attempting to form bear-cross) expected to cap upticks.
Res: 0.7500, 0.7510, 0.7524, 0.7549
Sup: 0.7480, 0.7465, 0.7438, 0.7400
