The AUD/USD pair initially tried to rally during the day on Tuesday, but failed and turned back around and form a slightly negative candle. However, we are sitting on top of the 0.93 handle, and as a result it’s likely that the market will find some type of support between here and the 0.92 handle. We would be buyers of a supportive handle, but obviously do not have it yet. If we do fall below the 0.92 handle however, we would be sellers of the market as it should then head to the 0.90 level.
