AUD/USD Technical Analysis: Bulls showing some resilience near 200-hour SMA

   •  The pair extended overnight retracement slide from three-week tops and remained under some selling pressure for the second consecutive session on Friday.

   •  However, bulls now seemed to show some resilience below 200-hour SMA, albeit negative technical indicators on hourly/daily charts point to further downside.

   •  A sustained weakness below the mentioned support will reaffirm the bearish set-up and accelerate the slide to 0.7060 intermediate support en-route the 0.70 handle. 

   •  Alternatively, a convincing move beyond the 0.7115-20 region might negate the negative outlook and lift the pair back towards testing the 0.7165-70 supply zone.

AUD/USD 1-hourly chart