AUD/USD strengthens from 0.9620

The Australian Dollar finally delivers stronger bullish sentiments, as the price gains from a 0.9620 level towards the weekly pivot point at 0.9690. Today the pair made a downside spike, but it did not break a previous low at 0.9593, triggering bullish impetus, which pushed the price towards the weekly pivot point at 0.9690. It is very likely that the Aussie will experience a correction, but since it breached a 0.96 benchmark, there is a high possibility of a re-test of recent lows again.

SWFX marketplace investors are bullish today, maintaining a 73% share of long orders. The placed orders segment is bearish with 61% of waiting orders to sell the Aussie.