AUD/USD shows signs of activity

AUD/USD has made a quick run down to 1.0479/59 today, but the price was successfully repelled and sent back above 1.0534/33, thus preserving a chance of penetrating a zone that stretches from 1.0579 up to 1.0624, though this particular area has remained unbroken since mid-March. The technical indicators in aggregate point to the upside already for some time, but the pair did not make any notable efforts to step higher yet, calling into question its ability to gain upward momentum in the nearest future.

The Australian Dollar is the least popular currency in the SWFX marketplace at the moment, on average being acquired merely in 29% of cases. The same situation is observed in AUD/USD pair in particular, where a substantial majority (71%) of traders stays short on it.