The AUD/USD pair went higher during the course of the session on Tuesday, as we continue to find support in this general area of the 0.87 level. That being the case, we feel that the market will probably bounce here slightly, and then find sellers closer to the 0.88 level. We believe that this market will ultimately break down, but at this point in time isn’t quite ready to do so. Selling this market is the only thing we can do, as the gold markets look incredibly soft and certainly are not giving any help to the Australian dollar.
