The AUD/USD pair broke higher during the course of the session on Tuesday, testing the 0.80 level. That being the case, the market could find quite a bit of selling pressure in this area, and it will be interesting see what happens next. However, we recognize that there is a lot of resistance just above, so we are a bit hesitant to start buying. We will have to wait to see what happens over the next couple of sessions in order to do that, but we would be much more quickly interested in selling a resistant candle.
