AUD/USD rose during the session on Tuesday as traders bought a little bit of risk in general. The pair looks healthy, but we are running into a resistance zone between 1.03 and 1.05. The area has been resistive over time, and the area should give us a fight if we are going to attempt to get through it. Because of this, we are looking to see if we can get an exhaustive candle to sell in the area just above, and look to make money selling. The pair can’t be bought until we get above the 1.05 mark, and until then – we are looking for weakness to sell.
Written by FX Empire