The Aussie dollar remains directionless and trading within narrowing range capped under 200SMA.
Doji candles on Tue / Wed signal strong indecision, after recovery rally from 0.7500 stalled under key barriers.
Increasing signs of reversal are building on daily chart as falling thick daily cloud continues to weigh (cloud base lies at 0.7689 today).
Initial reversal signal will be generated on break below 0.7637 (congestion floor) with confirmation seen on sustained break below 0.7620/00 support zone (Fibo 38.2% of 0.7500/0.7694 upleg / converged daily Tenkan-sen / Kijun-sen).
Conversely, eventual penetration and close in the cloud will be bullish signal.
Res: 0.7692, 0.7729, 0.7738, 0.7787
Sup: 0.7653, 0.7637, 0.7620, 0.7597
