The AUD/USD pair went back and forth during the session on Tuesday, continuing the sideways grind that we have seen for several days. If that’s the case, it still looks like we are going to go higher, but we need to find enough momentum to pick up the pace and head higher. We ultimately believe it will happen, heading to the 0.95 level, however we do recognize that it’s possible that we will see a pullback, which hopefully will see a supportive candle prints. We believe that the 0.92 level is the absolute floor in this market.
