The AUD/USD pair initially fell during the session on Monday, but found enough support at the 0.90 level to bounce and go much higher. However, we are still in the consolidation area that we have been in for some time, and until we break above the 0.91 level, we are not comfortable buying this market as there is a significant amount of resistance just above. However, if we get above that level, we feel that this market could go to the 0.95 level given enough time. Selling is not an option at this moment as we see far too much in the way of choppiness below.
