AUD/USD found support at 0.9367/46

The pair keeps respecting the seven-month rising support line, meaning the bias with respect to the Aussie stays bullish. At the same time, the daily and weekly studies are pointing upwards, reinforcing the idea of the currency's further appreciation. If this is the case, 0.9367/46 should stay intact, while AUD/USD will head towards the high seen in 2013 at 0.9756. On the other hand, the longer-term perspectives seem not to be as bright.

The difference between the amounts of the bullish and bearish traders remains insignificant, being that the former constitute 54% of the market and the latter—46% of it. As for the orders, 41% are to sell and 59% are to buy the Australian Dollar.