The AUD/USD pair fell hard during the session on Tuesday, breaking through the 0.95 level. This is an area that should start to cause support though, and as a result we are not willing to sell this market. We think there is a significant amount of support all the way down to the 0.93 level, and until we get below that level, there’s no way to sell the Australian dollar. In fact, we are waiting to do is find a supportive candle in order to start buying again. Alternately, we do think that there is support for the Australian dollar overall.
Written by FX Empire