The AUD/USD pair fell significantly during the session on Wednesday, taking back most of the gains from the Tuesday session. This being the case, the market looks as if it’s trying to find support at the site of the initial breakout from the ascending triangle that we had been in. With that, we are looking for supportive candles in order to start buying but recognize that the nonfarm payroll numbers will certainly have a massive effect on what happens. The true longer-term breakout would be on a move above the 0.95 handle, so if you are more inclined to trade longer-term charts, you will see that a close above that level should be a nice opportunity to buy.
