The AUD/USD pair rose during the session on Thursday, breaking out and above the 0.9350 handle. That area has been resistive recently, and the fact that we broke above there is very bullish indeed. Because of this, we believe that the Australian dollar will trade at the 0.95 handle soon, and with that we are “buyers only” in this market. We have been long already, and would be looking to add to the position on short-term charts with small positions. Selling is not a possibility until we get below the 0.92 handle.
