The AUDUSD pair initially fell during the course of the day but then broke out to the upside as the 0.75 level gateway.

This bullish candle should signal that we are going to continue going higher, and pullbacks should be buying opportunities as well.

With this, I have no interest whatsoever in selling this market, I believe that the buyers below will continue to push, especially considering that the gold (GLD, quote) markets have been so strong lately, as the Aussie tends to be a bit of a proxy for the yellow metal by currency traders.

Editor’s Note: Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the Aussie dollar without a FOREX account.  The ETF looks to track the price of the Aussie dollar (AUDUSD), minus ETF fee. The fund seeks to reflect the price of the Aussie dollar (AUDUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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