Recovery from 0.70 base extends into third straight day but bulls face headwinds at 0.7084/93 barriers (falling Tenkan-sen/daily cloud top).
Break here is needed to open nearby pivot at 0.7114 (Fibo 38.2% of 0.7295/0.7003) and generate signal for continuation of recovery.
Weaker than expected Australian business confidence in Feb and Jan home loans weigh on near-term sentiment, following absence of positive reaction on Brexit talks improvement and China stimulus talks.
Failure to emerge above daily cloud would weaken near-term structure, while return and close below cloud base (0.7050) would shift focus lower and risk retest of 0.70 base.
Res: 0.7084, 0.7093, 0.7114, 0.7133
Sup: 0.7050, 0.7026, 0.7000, 0.6931
