AUD/USD finds support at 0.8933

While the first three days of this week were characterised by a strong sell-off of the Aussie, today appears to be different. The pair is currently attempting to erase at least some of the prior losses, rebounding from the support at 0.8933, which is the weekly S3. The ceiling for the current surge should be 0.9204, although there are other resistances that could hinder this recovery, particularly at 0.9064/54.

Even though the overall level of the Australian Dollar's popularity fell, the portion of bullish towards AUD/USD SWFX marketplace participants grew by one percentage point, up to 72%. In the meantime, there has been no change in the ratio between the buy and sell orders, which is respectively 27% to 73%.