The AUD/USD pair fell initially during the session on Wednesday, but found enough support near the 0.8950 level to turn things back around and form a hammer. This hammer of course suggests that the market is going to go higher, and on a move above the big figure at the 0.90 handle, we are willing to buy and aim for the 0.91 level. We recognize the fact that this market continues to get choppy, but we are starting to show signs of a reversal longer-term, which could make the Australian dollar one of the better buys over the next several months.
