AUD/USD trimmed gains

AUD/USD did not make it to the upper side of the slightly downward-sloping channel, as 1.0493 proved to be impenetrable for now and did not allow for a rally to reach 1.0562/81. Still, we cannot rule out a possibility of a bullish run up to these levels in the nearest future as long as the 100-day SMA remains intact. The next significant support area stretches from 1.0312 down to 1.0279, but is unlikely to come into play soon.

The ratio between long and short positions opened on the currency pair is largely unchanged, being 27% to 73%, accordingly, as most traders expect the aussie to underperform relatively to the greenback. Orders, on the other hand, are neutral, as 53% of them are to buy the Australian Dollar and 47% are to sell it against the Dollar.