AUD/USD gravitates towards 0.8568

It did not even require AUD/USD to step up to the nearest resistance at 0.9199 to reverse its direction and start moving south. The supports the price is going to hit, unless the currency pair stops at any of them, are situated at 0.9054 (weekly S1), 0.8967/60 (weekly S2 and lower Bollinger band) and 0.8905 (monthly S1), although we must note the pivot points will be different next week.

Among all the currencies traded in the SWFX marketplace, the Australian Dollar is acquired the most frequently, namely in 74% of trades in its crosses. In AUD/USD is particular, 73% of positions are long. Concerning orders, only 35% of them are to enter a long position.