The AUD/USD went back and forth during the session on Tuesday but failed to get over the 0.95 handle as one would expect. That resistance of course cause a lot of blockades, and we fully expect the market to struggle to get above that level. However, if we can get above it on a daily close, we are more than willing to start buying the Australian dollar again as it should eventually reach for the parity level. The pullbacks in this pair will simply be another attempt to breakout above the 0.95 handle in our opinion.
Written by FX Empire