The AUD/USD pair initially fell during the course of the session on Monday, but then turned around to form a very positive candle. Ultimately, this is a market that has a lot of noise above though, so I think probably the best way to handle this is to buy this market on short-term pullbacks are very short-term trades. If we break down below the bottom of the range during the course of the session on Monday, we could then drop down towards the 0.75 level which I feel is essentially the “floor” in this market.
