The AUD/USD pair initially went higher during the course of the day on Tuesday, but ended up falling in forming a relatively negative candle as we pressed against the 0.93 level. We think that the market will probably head back down towards the 0.9250 level first, he for perhaps finding supportive pressure. If we managed to break above the 0.9350 level however, we would be buyers as it should be a relatively positive sign for the Australian dollar in general. Anything below the 0.92 level is massively bearish and has us selling aggressively.
