AUD/USD appreciates from 1.0252

The Australian Dollar is considered as a proxy to risk-on sentiment; thus, after very positive labour data the Aussie pair sharply appreciates. The price jumped from the weekly S2 at 1.0223 and reached a 1.03 benchmark. If positive sentiments remain in the market next week, the pair might breach the 20-day SMA at 1.0331 or even a resistance at 1.0376/1.0386 area, where the 100-day and 200-day SMAs are currently positioned.

Traders possessing long positions have a minority status, since only 29% of all opened positions are long. SWFX market investors see negative perspectives in financial markets and prefer to sell risky assets. Placed orders market is bullish with 61% of orders waiting to buy the Aussie.