The AUD/USD pair broke higher during the course of the session on Tuesday, but as you can see we are heading towards the 0.88 level, an area that has been of great interest to several different moves, and as a result we believe that eventually the sellers are going to step back in and continue to push of this market much lower. It is most certainly in a downtrend, so that is the way that we choose to trade the Australian dollar. On top of that, keep in mind that the gold markets are offering no support to the Aussie.
