AUD/USD attempts to get back into Bollinger bands

Since the Aussie dropped heavily in last two sessions—the price slipped from the 20-day SMA and weekly PP at 1.03, with a bottom point way lower than the Bollinger band. For a moment the deviation was almost 50 pips, but the pair returned to the lower Bollinger band, as such big divergences usually take rather quick jump back into a statistical range. The price might take a breath or start to move up to ease pressure from bulls, the closest resistance for that would be the weekly S1 at 1.0219.

SWFX marketplace participants are bearish, since 61% of opened positions are short and willing to earn from the further decreasing currency exchange rate. Waiting orders segment is oriented for a drop, since 55% orders are sell.