The AUD/USD pair fell during the session on Tuesday as the 1.05 level proved a bit too rich at first. However, this level has offered support for the buyers, and we now are over it. The hammer shaped candle looks very healthy at this point, and as a result we think buying a break of the highs from the Tuesday session is now enough of a reason to go long. We have no real desire to sell this market as there are far too many minor support levels below to deal with.
Written by FX Empire