Aussie came lower to 7659 just in front of the 7650 support...Now we have blipped the right hand shoulder, but we are below 7650 and this isn't very good news for the Aussie..Now it might just be a knee jerk reaction of the break down through 7693...and therefore we may well see another attempt at this level today...Now 7695 is the daily pivot...so cover any longs prior this resistance...If we do break higher above 7695 I expect 7725/30 to hold the topside...
Our 78.6 short term fib is at 7616, so failure to break above 7650 fast will make this market look under pressure for this support...Cover shorts...Re-instate below here as a break below keeps the market under pressure, leaving the way clear for further declines to 7550/33...
Now if 7730 does break on NFP Aussie has resistance in the 7780 to 7820 region therefore all long positions will be covered to here...
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