The AUD/USD pair rose during the session on Monday, as the market seems to be trying to find the bottom just above the 0.90 handle. However, the Australian dollar is one of the weakest currencies out there right now, so any bounce from here is probably just going to end up being an opportunity to sell it at a higher level. That being said, we are simply going to be patient and wait for resistive candle above, and then begin to sell the Aussie yet again. We will continue to do so until the market gets above the 0.97 handle.
Written by FX Empire