The AUD/USD pair fell during the session on Tuesday, showing significant resistance near the 0.90 handle. That being the case, the market looks like it’s going to struggle in that general vicinity, and as a result we are still bearish of this market. However, between now and nonfarm payroll numbers, we think that this market may not move much, as it is highly sensitive to that announcement. All things being equal though, we would love to see a resistant candle closer to the 0.90 level in order to start selling. We would sell a move below the 0.8 handle as well though.
Written by FX Empire