Strong barriers at 0.7000/42 to cap extended upticks and keep bears intact

The Australian dollar plunged to 10-year low in wild start of trading on Thursday, pulled by Apple forecasts warning and heavy sales in AUDJPY cross in strong safe-haven demand.
Quick recovery followed spike to 0.6706 low (the lowest since 2009), was helped by resilient Asian stocks, with session high (0.6984) and psychological 0.7000 barrier, being intact for now.
Negative daily studies keep bears in play after overnight’s fall broke below key med-term support at 0.6825 (18 Jan 2016 low), marking full retracement of 0.6825/0.8135, 2016/2018 advance).
Bears need confirmation on close below 0.6825, but consolidation on oversold conditions is likely to precede final break.
Stronger upticks should be capped at 0.7000/42 zone (psychological / falling 10SMA) to keep bears intact.
Only sustained break above falling 10SMA would put bears on hold for stronger corrective action.

Res: 0.6984; 0.7000; 0.7042; 0.7077
Sup: 0.6933; 0.6878; 0.6825; 0.6790