The AUD/USD pair fell during the session on Tuesday, breaking down to the 0.9350 level. However, we feel that the market could drop a little bit from here, probably to the 0.93 handle first, and then possibly the 0.92 level. Regardless, we do like buying this market on supportive candles, and as a result we feel that the market is a “buy only” market at the moment. That being said, we are cautiously optimistic, and do believe that the 0.9250 level should be a bit of a “floor” in this market at the moment.
