AUD/USD is testing 0.8899/94

The movement of the pair is slowing down, but AUD/USD is nonetheless maintaining the downward direction. There potentially may appear some shallow rallies at the supports located at 0.8899/94 and 0.8811/0.8762, while the general trend should be preserved, namely towards the important area at 0.8700/0.8672, created by a psychological level and the monthly S2.

Static nature of AUD/USD the past two days did not benefit the bullish sentiment of the market, discouraging some of the investors to bet on the recovery of the Australian Dollar—the percentage of long positions fell to 71%. On a related note, the Aussie and the buck are purchased in 72% and 59% of cases in their crosses accordingly.