AUD/USD drops sharply

The Aussie is under strong bearish sentiments, as this currency pair is considered as a risky asset and investors are currently quickly leaving such type of securities. The pair opened at 1.0509 and has already dropped to 1.0396, where it was stopped by the 100-day SMA. Deliberating further depreciation, the 200-day SMA at 1.0351 is very important, as it might form a substantial support with the 100-day SMA and ease bearish sentiments or even push the price upwards, to the 20-day SMA at 1.0448.

SWFX market data indicate no changes in investors' positions and sentiments, as the sell side remains in the lead with the vast majority of orders - 73%. Waiting orders segment is under bullish pressure, since 61% of orders are short.