Aussie dollar remains under pressure and eventually probes through a cluster of supports between 0.7529/06 (200 / 55 / 100 SMA’s and Fibo 38.2% of 0.7158/0.7739 rally).
Today’s fresh bearish acceleration today extends the second leg (commenced from 0.7630) of pullback from 0.7739 (23 Feb high).
Strong bearish signals are generating, with daily close below 0.7500 handle required to confirm scenario. Penetration of 0.7471 (daily cloud top) would open next targets at 0.7448 (50% retracement) and 0.7426 (daily cloud base).
Falling 10SMA marks strong resistance at 0.7602.
Res: 0.7529, 0.7570, 0.7602, 0.7630
Sup: 0.7500, 0.7471, 0.7448, 0.7426
