The AUD/USD pair initially fell during the session on Tuesday, but as you can see found enough support to shoot straight up in the air. We haven’t necessarily completely broken out yet, but it is starting look more and more likely that this pair is going to continue going higher. This is especially true now that the New Zealand dollar has broken out, which of course normally runs right along the same path as this pair. Pullbacks should be buying opportunities, and it is not until we break below the 0.89 level that we could consider selling now.
