AUD/USD erodes 1.0243/30

Bears have regained the control over the price by continuously supplying the Aussie and thereby forcing it to give up former positions. However, the pair has reached a notable support area at 1.0243/30 for the second time. Previously this has triggered a 90-pip rally and could postpone the dip down to 1.0141/12, but the price should be underpinned there.

Traders' sentiment in neutral towards AUD/USD, since the shares of bulls and bears in the SWFX marketplace are nearly equal—48% and 52% respectively. Hesitation is also evident while observing orders placed on the currency pair, as 54% of them are buy and 46% are sell.