The AUD/USD pair had a negative session during the day on Tuesday, as we continue to see downward pressure against the Australian dollar. After all, there’s a lot of concerns out there that can weigh upon a risky commodity currencies such as the Australian dollar, and with that we believe that the market is going to head down to the 0.70 level, and perhaps even lower than there. Ultimately, we feel that the market will continue to attract sellers and push even lower than that, and that short-term rallies are in fact going to be selling opportunities as well.
