The AUD/USD pair fell during the bulk of the session on Tuesday, but found enough support below the 0.9250 level to form a hammer. This hammer is immediately preceded by a shooting star, so we feel that the market is simply going to grind its way sideways in this general vicinity. Ultimately, we need to see a break either above the top of the shooting star in order to start buying, or getting a move below the 0.92 level in order to start selling. Between now and then, we feel that the market will continue to drift.
