The AUD/USD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly. With that, we crashed into the 0.91 handle for resistance, and look as if we are ready to continue going to the 0.92 level. Pullbacks on short-term charts will be buying opportunities as far as we can tell, and as a result we are not interested in selling at this point in time. We believe that ultimately the AUD/USD pair will continue to go higher but certainly has a lot of work to do.
