The AUD/USD pair rose during the course of the session on Wednesday, but gave back roughly half of the gains by the time the session closed. That being the case, it looks as if we are in fact trying to respect the region just below us as support, but are struggling to breakout to the upside. We believe that the market will continue to be somewhat choppy in this general vicinity, but looks like it will more than likely continue to find buyers when it falls. With that, we are bullish, but mildly so at best.
