The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support to turn things back around to form a hammer. The hammer of course suggests that the market should continue to go higher, but there is a massive amount of resistance all the way to the 0.72 level at the very least. With this, although we recognize of this market should continue to go higher, we have no interest whatsoever in buying this market as there will be easier trades out there in the Forex world at the moment.
