The AUD/USD pair rose during the session on Monday, continuing to show strength as we are above the 0.94 handle. We still believe that the 0.95 level is in fact going to be the target, but at the end of the day we feel that the market will more than likely be relatively choppy. We actually want to see this market pullback in order to start buying on perceived value, and a supportive candle at a lower level would be most welcome. It’s not until we get below the 0.92 level that we feel safe selling.
