AUD/USD dips below 0.9387

At the very start of this week AUD/USD was moving upwards, willing to close the bearish gap, but now it is hanging down from the major low at 0.9387, which for now appears to be unable to reduce market's desire to push the Aussie's price south. Still, the price did not fully erode the key support and even if it does, the pair will have to breach 0.9278/69 as well soon afterwards in order to go lower.

Current distribution between the long and short positions stays the same as yesterday—73% to 27%, but in general the Australian Dollar is becoming more popular. In its crosses AUD is bought in 74% of cases. As for the orders, only 45% of them are to go long on the pair.