AUD/USD broke higher during the course of the session on Tuesday, showing bits of support below. We still look at this market as being very negative, but also recognize that we are getting very low as far as altitude is concerned. In other words, we believe that the 0.80 level is going to be massively supportive, but we recognize that there will be selling opportunities between now and then and therefore we are selling short-term rallies that show signs of resistance. We have no interest in buying the Australian dollar quite yet, so therefore are even looking for buying opportunities.
