AUD/USD spikes down

The Australian Dollar experiences huge capital outflow, as investors are afraid of a potential economic slowdown in the country, which might be seen through intensive money withdrawal from the economy. Today the price made a spike down, reaching a 0.96 benchmark, but positive U.S. unemployment numbers increased risk appetite of traders. The pair bounced from weekly S1 level at 0.9646 and currently fluctuates around a 0.97 benchmark. Opening short positions might be extremely risky, since the RSI has a value of 27.

Even though the price is stepping lower every day and settles a new bottom, traders' sentiments remain more or less the same, since they are based on the bullish side with a 73% share. Placed orders market is bearish, since 59% of orders are to sell the Aussie.