The AUD/USD pair did almost nothing during the session on Monday, as we remain just below the 0.9250 level. With that, we feel that the market should continue to go sideways, and the session on Monday was simply an extension of what we’ve seen for some time. A move above the 0.9275 level is needed in order to go long, just as a move below the 0.92 level would be a signal to start selling. In the meantime, don’t expect much in the way of action, as we seem to be essentially “stuck” in this general vicinity.
