The AUD/USD pair rose during the session on Wednesday, slamming into the 0.9250 level. This was an area that we anticipated to see resistance at, so the fact that we stop there really isn’t much of a surprise. We believe that the market will more than likely try to pull back from here, but there could be buying pressure below. On the other hand, a move above the 0.9250 level on a daily close would in fact be a buy signal as far as we can tell. At that point time, we would fully anticipate seeing the 0.95 level tested.
