The AUD/USD pair rose during the course of the session on Monday, but didn’t really cause too much in the way of a splash with the tight trading range. That being the case, we are still bullish of the Australian dollar, but recognize that there is a massive amount of resistance at the 0.9450 handle, that extends all the way to the 0.95 level. Once we get above the 0.95 level, this market should continue to go much higher at that point in time, probably aiming for parity. Pullbacks at this point in time will continue to be buying opportunities.
