The AUD/USD pair initially tried to rally during the course of the session on Tuesday, but as we are just below significant resistance, the market gave up and pulled back down. That being the case this market should continue to pull back slightly, but we think that there’s enough support near the 0.93 handle to turn the market back around. We believe that we are trying to break out to the upside, and as a result are probably falling in order to pick up more momentum to finally break out and above the 0.95 handle.
