Aussie hit six-month low on firm greenback, strong iron ore’s drop

The Australian dollar is holding near new six-month low (0.7476) hit following last week’s nearly 3% drop after US central bank signaled earlier than expected action in changing monetary policy that inflated US dollar.
The Aussie was additionally pressured by 9% drop of iron ore, Australia’s biggest export earner.
Overextended daily studies signal that bears may pause for limited consolidation (ideally to be capped by broken 200DMA (0.7550) before continuing last week’s sharp bearish acceleration.
Completion of failure swing pattern on daily chart adds to bearish daily techs and soured sentiment.

Res: 0.7499; 0.7522; 0.7550; 0.7585
Sup: 0.7476; 0.7400; 0.7379; 0.7349