The AUD/USD pair broke higher during the course of the day on Monday, clearing the top of the shooting star from Friday. Because of this, it appears that the market may be able to go higher, but we also recognize that the 0.72 level is a significant barrier as well. With this we believe that it’s only a matter of time before the sellers come back into this market, and at the first sign of a resistive candle we are more than willing to start selling yet again as the Australian dollar is so correlated with commodities.
