The AUD/USD pair rose during the session on Monday, but as you can see found the 0.88 level as resistance. This makes sense to us, as it was previous support, and thereby has been “retested.” Because of this, we feel that this market is ready to continue going lower, but we do not have the resistant candle in order to do so. If we get that candle, then we are more than willing to start selling. On the other hand, if we make a fresh new low, we are more than willing to continue selling there as well.
