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Bulls to take a breather on overbought daily studies

The AUDUSD edges lower in early Monday following last week’s failure to clearly break above former top at 0.7136 (Aug 7 lower top) though bulls managed to generate bullish signal on weekly close above pivotal barriers at 0.7071/91 (200DMA / Fibo 61.8% of 0.7661/0.6170 fall).
Strong advance last week and the pair being on track for the third straight monthly gain, adds to overall positive structure.
Correction is likely to precede fresh push higher as daily studies show positive momentum fading and stochastic emerging from overbought territory.
Dips should be contained  at 0.7027/00 zone (rising 10DMA / psychological) to mark a healthy correction and keep bulls intact.
Caution on extension and close below 20DMA (0.6953) which would sideline bulls for deeper correction and expose key supports at 0.6871/13 (Jan 19 trough / 55/200DMA bull-cross).

Res: 0.7142; 0.7166; 0.7246; 0.7283
Sup: 0.7063; 0.7027; 0.7000; 0.6953