The AUD/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. That signifies that we are going higher in our opinion, and as a result we started buying the Aussie dollar early in the session. We think that the market goes to the 0.95 level where it should run into a significant amount of resistance. However, we think that ultimately this pair does continue going higher than that as the Australian dollar recovers from a very significant fall early in the year. Selling is not an option until we get below the 0.92 handle.
