The AUD/USD pair rose during the session on Tuesday, but found resistance just above the 0.8950 level. This market has plenty of resistance all the way to the 0.91 handle, so therefore we are simply waiting for some type of resistant candle in order to continue selling. The trend is most decidedly to the downside on the longer-term, so therefore we have no interest in buying until we break out above the 0.91 handle, something that doesn’t look likely to happen in the short-term. However, if that were to happen, we would have to change our bias in this market.
