Aussie recovered ground on bounce from Friday’s low at 0.7303, where sharp post referendum fall was contained by rising 200 SMA, which lies few tick below. The price returned into daily cloud (spanned between 0.7394 and 0.7503), with daily cloud base, reinforced by Kijun-sen line offering immediate support.
Long tail of Friday’s bearish candle, signaled renewed buying interest, while long-legged weekly candle suggests strong indecision.
Daily studies are mixed (overall bullish setup of MA’s and building bearish momentum) which would signal prolonged congestion while the price holds within the daily cloud.
Return below daily cloud base would generate bearish signal for possible acceleration towards strong 0.7300/0.7280 support zone. Conversely, rally through daily Tenkan-sen at 0.7464, would give initial bullish signal, while sustained break above daily cloud top at 0.7503, is needed to shift near-term focus higher.

Res: 0.7449; 0.7464; 0.7503; 0.7515
Sup: 0.7394; 0.7358; 0.7303; 0.7280

, Daily Market Outlook