The Aussie dollar bounces from Asian low at 0.7065 and pressures 0.71 barrier (30SMA), propped by renewed risk mode on Monday. Rising bullish momentum helps recovery, but daily techs are still bearishly aligned, following last week’s strong upside rejection and subsequent weakness. Lift above 30SMA would ease immediate negative pressure, however, recovery needs break above 55SMA (0.7130) to neutralize bears for renewed attack at pivotal barriers at 0.7159/67 (100SMA / daily cloud top). Limited recovery under 0.71 handle would keep the downside vulnerable for fresh attempts at cracked pivotal Fibo support at 0.7065 (Fibo 61.8% of 0.7003/0.7168) that would unmask daily cloud base (0.7031) and key support at 0.7003 (8 Mar low).
Res: 0.7100, 0.7130, 0.7159, 0.7167
Sup: 0.7085, 0.7065, 0.7056, 0.7031
