Overhead at (1) will be key to gauge to upside momentum of this pair, with zones 2 and 3 providing good selling opportunities for the short to midterm. Public sentiment for this pair is neutral on the lower time frames with a slight slant on the higher time frames. Leveraged funds are 74.77% long vs 25.23% short on the AUD, and asset managers are 50/50 along with other reportables.
On the U.S. Dollar front, leveraged funds are 57.01% long vs 42.99% short, with asset managers slightly more at 57.52%. Other reportables (small pooled funds etc) are betting on a further decline on the dollar, currently holding shorts at 64.28%.