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Bulls look for fresh signal on clear break of pivotal 0.7200 zone

The Australian dollar rallies on Thursday, lifted by rise in stocks on fresh risk appetite, after Wednesday’s action ended in long-legged Doji, following nearly 200-pips range.
Fresh bulls probe again above pivotal 0.7200 resistance zone (psychological / daily cloud top) with close above here to generate positive signal for extension towards next pivotal barriers at 0.7242 (9 Oct high) and 0.7252 (Fibo 61.8% of 0.7413/0.6991 fall).
Rising positive momentum on daily chart and moving averages in bullish setup, support the notion, but overbought stochastic warns that bulls may slow.
Near-term bias is expected to remain with bulls while the action stays above  55DMA (0.7180).

Res: 0.7222; 0.7242; 0.7252; 0.7313
Sup: 0.7200; 0.7180; 0.7152; 0.7133