The AUD/USD pair went back and forth during the course of the day on Monday, as we simply continue to test support at the 0.77 level. With this being the case, the market should continue to go higher on a break above the top of the range during the course of the Monday should send buyers into a stronger move. Pullbacks at this point time should continue to see support, and as a result this is essentially “buy only” type of situation, and with that being the case I still believe that we are heading to the 0.80 handle.
