Aussie dips below 0.7100, pulled by Kiwi’s fall

The Aussie dollar returns below 0.7100 handle on Wednesday, hit by dovish shift of RBNZ.
Fresh weakness fully reversed previous day’s rally and retraced over 61.8% of two-day 0.7065/0.7147 rally.
Bullish signal on Tuesday’s close above 55SMA (0.7131) and crack of daily cloud top (0.7144)  was short-lived, as near-term sentiment turned negative on fresh weakness triggered by kiwi’s sharp fall.
Daily indicators turned lower and support negative scenario which requires confirmation on close below pivotal Fibo supports at 0.7106/0.7096 (Fibo 38.2% of 0.7003/0.7168 / Fibo 61.8% of 0.7065/0.7147 respectively).
Only return and repeated close above 55SMA would neutralize and shift near-term focus higher again.

Res: 0.7102; 0.7130; 0.7147; 0.7157
Sup: 0.7091; 0.7083; 0.7065; 0.7042