If we manage to see a break of this mini support marked blue, we will be looking for further confirmations to get involved in a long term sell position. We have marked the areas of interest and levels that we will be taking partial profits at if the set-up comes to light. The overall bias of the AUD is bullish, so we must treat this pair as bullish until the market shows us otherwise.
COT DATA - 72% of commercial players are short according to our COT source.
59% are net short according to the IG Client sentiment data.