The AUD/USD pair fell during the session on Tuesday, but found enough support at the 0.89 handle in order to cause a little bit of a bounce towards the end of the session. Nonetheless, we see quite a bit of resistance of the 0.90 handle, and therefore will be looking for any type of rally as a potential selling opportunity. Between now and the next two weeks, it’s difficult to imagine that this pair moves drastically, and with the FMOC meeting of the next couple of days, we may have almost no action.
Written by FX Empire