The AUD/USD pair rose during the session on Monday, slamming into the 0.9450 handle to test resistance. With that being the case, the market did pull back a little bit from that region, but it appears that the bullish momentum is still with the market. That being the case, we feel that this market will eventually breakout, but we need a clearance of the 0.95 handle in order to start buying with any serious conviction. Pullbacks from here should be buying opportunities, and we will look at them as such, buying short-term supportive candles.
