AUD/USD meets the Bollinger band support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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"In calm markets, offshoots in exchange rates can exist for a while, but in volatile markets there's a revert to the mean and currencies find their true value."
- Deutsche Bank (based on Bloomberg)

Pair's Outlook
The trades moved closer to the 2004 spike at 0.801 level. However, the pair is currently hovering above the Bollinger band at 0.803 and have not changed significantly since Yesterday. The AUD/USD continues to be oversold. Moreover, the chart has been moving far below the SMA's since it tumbled noticeably on 7 September last year.

Traders' Sentiment
A lot of the 50– pip pending orders were changed Today, as only 17% of traders are buying and 83% are selling, respectively. Meanwhile, the market participants have not adjusted their 100-pip range orders and 33% of the case are set to be short.

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