The AUD/USD pair did in fact have a strong move during the session on Tuesday, but failed to break above the 0.95 level. Because of this, we are a bit hesitant to go long at this point as we feel the market has to get above that level to be wholly clear of the sellers. Once we get above there though, we feel that this market has directly to the parity level, which should attract a lot of resistance. Going forward, on the breakout we believe that there will be plenty of buying opportunities as the markets pullback from time to time.
