AUD/USD stopped at 1.0426/20

Despite the repeated tries of AUD/USD to push through the 100-day SMA and challenge the 200-day SMA, the currency pair is trading flat, since it has encountered a strong demand around 1.0426/20. Technical studies are mostly silent, with only a few daily indicators pointing to the downside, suggesting that we may see a series of several tranquil days before a new strong signal is received.

The gap between the bulls and bears is fairly stable. Currently 35% of positions are long and the rest, 65%, are short, meaning that SWFX marketplace participants anticipate a decline in the Aussie's value. The distribution between buy and sell orders is 55% to 45%, respectively.