The AUD/USD pair rose during the session on Monday, but as you can see the 0.95 level is in fact offering a bit of resistance. However, it does appear that the market is going to make a serious attempt to break higher, and because of this we feel that if we can break above the shooting star from late last week, this market would become a bullish market that we could start buying and perhaps holding onto until we get to the 0.97 handle. As for selling is concerned, we have no real interest in doing so at the moment.
Written by FX Empire