The AUD/USD pair broke higher during the day on Monday, clearing the top of the hammer that informed on the previous candle. Because of this, it looks as if the buyers are starting to come back into play, which should send this market much higher. The 0.74 level above is a target, and as a result we believe that it’s only a matter of time before the market gets there. On the other hand, if we can break above there we feel the market will grind its way towards the 0.75 level next.
