The AUD/USD pair fell during the session on Monday, as it looks like the market is finally going to succumb to the weight of the downtrend again. That being the case, we are selling on a break of the lows from the Monday session and aiming for at least 0.90, if not much lower. We think ultimately this pair will reach the 0.85 handle, you have to keep in mind that the liquidity just is not there as we are at the end of summer. That being the case, we are more than willing to be patient and just hang onto the short if it fires off.
Written by FX Empire