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Supports: 81.79; 81.62; 81.28
Outlook
Yesterday's bearish correction managed to continue, and today the AUD/JPY currency couple has already breached the 200-day SMA at 82.28, and now the price is slowly approaching the lower Bollinger band at 81.79, which will probably reverse the prevailing trend. If it is broken, then the price might reach the weekly S2 at 81.62, which in turn is likely to bring some bullish impetus. Moreover, RSI indicator shows neutral signal and is expected to remain unchanged in the nearest future.
Traders' sentiment
Traders at SWFX market have mixed feeling regarding the potential strength of the aussie, as 48% of traders hold long positions and 82% of traders hold short positions. The situation with orders, however, shows strong bullish trend expectations, as 76% of traders ordered to buy and only 24% ordered to sell the Australian Dollar.