The AUD/USD pair fell during the session on Tuesday, forming a shooting star after initially trying to make something positive out of the day. Because of this, we still feel that this market is going to fall, and that the 0.90 level should be had the next day or two. If we can get below there, we think that eventually we will go as low 0.85, but it will be a choppy ride on the way down. With that being the case, we have aptly no scenario where we buy the Australian dollar below the 0.9350 handle, and as a result we are simply looking to sell weakness.
Written by FX Empire