The AUD/USD pair rose during the session on Tuesday, fulfilling the idea that a break of the shooting star from the Monday session would be a very positive sign. We believe that the market is now heading towards the 0.95 handle, but that is of course massively resistant. Because of this, we are not comfortable going long quite yet, but would like to see a daily close above the 0.9525 in order to feel that more comfortable with a long position. Between now and then though, we are willing to buy dips as they should be supported by the buyers.
Written by FX Empire