AUD/USD advances en route to 1.0572/59

AUD/USD remains bullish, effortlessly reaching 1.0491 today, as traders are discouraged to short the Aussie that is headed towards 1.0572/59 at an accelerate pace and without serious delays. However, the pair will need to overcome 1.0519 and 1.0534 before arriving at the level of the upper edge of the rectangle that has been containing rallies for more than eight months.

According to the traders' sentiment, an overwhelming majority (72%) of SWFX marketplace participants still believe that the currency pair has topped out, as they have opened short positions. However, at the same time the portion of buy orders has increased up to 70%.