The AUD/USD pair fell during the session on Tuesday, but found the 0.90 level supportive enough in order to keep the market somewhat afloat. However, we believe that this market is going to continue to consolidate in this general vicinity, so therefore it is probably one that is much safer to simply avoid at this moment. We need to see some type of impulsive candle in order to enter the market again, as it appears that the consolidation could continue for some time. Ultimately, this is a market that’s in a downtrend, so a breakdown is preferred.
