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AUD/USD stays under 200-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"There are a number of arguments for the Aussie to improve at least in the short term."
- Westpac (based on Bloomberg)

Pair's Outlook
[ANNOUNCE]Despite strong Australian fundamentals published early today AUD/USD remains unable to surpass the 200-day SMA at 0.7250.[/ANNOUNCE] If the resistance holds, which appears to be the case, the price should soon revisit last month's lows and set course towards the weekly S3 and monthly S1 at 0.7020/14. Alternatively, if the supply zone is violated, the rally will likely extend towards a cluster at 0.7370/55 (monthly PP, weekly R3 and 100-day SMA).

Traders' Sentiment
SWFX traders are net long the Aussie, but the advantage of bulls declined, albeit insignificantly—from 75 to 72%. As for the commands placed around the spot, the percentage of buy ones declined dramatically, from 74 to only 48%.

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