Long position in AUD afer breaking the level 0,9540

On 1D TF the pair is approaching 200-EMA. Unfortunately for bulls the volume is getting down. That means that it can be hard to overcome this level. On working 4H TF the trend line is heading up – the local trend is bullish. Parabolic SAR is approaching the price and is getting ready to reverse. ADX indicator started to rise. MACD line is trying to break the signal line.Results: if the pair breaks the level 0,9540 – it will be possible to open long positions the nearest target is 0,9600.

Fundamental news: canadian building permits were published on Monday. The fact was negative (-5,7%). Now we are expecting New housing price index for February that is released on Thursday. As for Australian economy – this week is quite calm – there is almost no financial news.