AUD/USD trades between 0.9577 and 0.9400/0.9371

The currency pair still gravitates towards 0.9400/0.9371, but at the same time does not seem to possess sufficient amount of bearish momentum—it was gradually lost while AUD/USD was trading in the 0.9843-0.9387 area. Nevertheless, downside risks persist, being that the daily and weekly technical studies are bearish. In order for the pair to restore bullish outlook it will have to reclaim 0.99.

The SWFX markets stays largely insensitive to the small price fluctuations we observe lately. The percentage of bulls is still three time larger than the share of bears. Concerning the orders placed on AUD/USD, 44% of traders intend to acquire the Aussie and 56% plan to sell it.