Australian dollar falls on weak China’s data / news of delay in US/China talks

The Aussie fell on Thursday after downbeat data from China soured sentiment and came under increased pressure on news of delay of Trump/Xi meeting to at least April.
China’s industrial production growth slowed further and fell to the lowest since 2002 (Feb IP 5.3% vs 5.5% f/c 5.9% prev), warning of further weakening of the economy.
Fresh bearish acceleration pushed the price below daily cloud base (0.7050) after the action in past two days repeatedly failed to break above cloud top (0.7093), reversing 61.8% of 0.7003/0.7097 recovery leg.
Near-term structure has weakened and threatening of further downside, which requires daily close below cloud base and Fibo 61.8% support at 0.7039 that would risk retest of strong 0.70 support.
Daily momentum turned south and stochastic reversed lower from overbought zone, adding to negative signals.

Res: 0.7061; 0.7078; 0.7100; 0.7124
Sup: 0.7039; 0.7025; 0.7000; 0.6931