AUD/USD continues to consolidate

Neither the bulls nor bears are able to take control of the pair—it keeps oscillating within the range created by the 2014 low from the downside and by the 23.6% Fibo retracement from the upside. But eventually the Aussie is bound to leave this price interval. If the resistance at 0.8820 is broken, AUD/USD will most likely rise up to the monthly PP and 38.2% Fibo at 0.8940. On the other hand, if 0.8650 gives in, the sell-off may extend down to 0.8480.

Even more people consider the Australian Dollar to be oversold—compared to the yesterday's report the share of longs increased from 71 to 75%. Concerning the commands, there is currently no real difference between the buy (51%) and sell (49%) ones.