The AUD/USD pair rose during the session on Monday, getting back some of the losses that it had suffered on Friday. However, we see plenty of resistance in noise above, especially around the 0.88 level to keep the market low. With that, we are more than willing to sell any type of resistant candle that we see in the near term, as we believe the markets will continue to drift lower, and aim for the 0.85 handle. That area will more than likely produce some type of bounce, but right now the Australian dollar looks very weak, and shows no real signs of strengthening.
