The AUD/USD pair fell hard during the session on Tuesday, as the dovish comments out of the Reserve Bank of Australia moved the markets. With that being the case, a break down can continue going all the way down to the 0.9250 level. We feel that it’s more or less short-term though, and as a result finding some type of supportive candle below is probably going to be the best way to get involved in this market to the upside from here. We are not interested in shorting this market until we get well below the 0.92 level, something that’s probably a bit of a stretch at this point to imagine.
