AUD/USD approaches 1.04

After push from 20 bar SMA pair has been appreciating uninterrupted and it seems it is preparing to advance above 1.04 mark. Attempts like this can be seen on 1st of October (right after pair dropped below mentioned level) and 18th of October. However, lack of evidence speaking for succession allows us to believe it will not manage this time either.

For the second day in a row open positions on the pair are evenly distributed between bears and bulls making market sentiment neutral. Distribution of pending orders is almost evenly distributed between long and short orders as well.