AUD/USD pierced through resistances

Although previously AUD/USD was capped by the monthly R2, the resistance was unable to withstand the bullish pressure initiated yesterday and gave in. Accordingly, now it is the area at 0.9541/08 that should keep the rate contained, while the key resistance at 0.9744, where the 200-day SMA stands, is not expected to be tested any time soon.

Bullishness that has just been demonstrated by the Australian Dollar seems to have encouraged some of the market participants. The portion of bulls increased by four percentage points and now amounts to 65%, though the most recent tendency showed weakening of interest in betting on the Aussie's appreciation.