AUD/USD is traded just beneath the 20-day SMA

AUD/USD fluctuates around the 20-day SMA for a third straight day, while being unable to breach it. Generally, the pair faces a noticeable volatility decrease that comes from the contracted volume. However, the pair was contained by the 20-day SMA during the recent two months. A settlement above this level might indicate a buy signal with targets just beneath the intersection point of the major SMAs. In an upside scenario, the price should also overcome the monthly PP level at 1.0285.

Investors sentiments do not show any major changes overnight, as the buy side has 46% of opened positions and the sell side has 54%. Waiting orders segment is perfectly balanced with equal shares for both parties.