The AUD/USD pair fell for some of the session on Monday, but managed a bounce to form a doji. The pair has bounced at the 50% Fibonacci level, and it looks as if the buyers are starting to reenter the market. The pair was also at the bottom of a down trending channel, so it looks as if we are going to have a bounce, but the trend is still weak.
In order to go long, we need to see the top of the Monday session candle broken, but we would only consider it a short-term trade at this point. The 200 day EMA is well above, and the pair looks vulnerable at the moment. In order to go long for a longer-term trade, we need to see the pair close above the top of the channel. Selling is difficult as there are many different minor support levels below.