The AUD/USD pair initially tried to rally during the session on Tuesday, but as you can see struggled and ended up forming a shooting star. We are right at resistance anyway, so would not surprise us at all to see this market break down a little bit from here. With that, we would anticipate making a push towards the 0.80 handle, which we see as massive support based upon longer-term charts. Because of this, we are sellers on a break below the bottom of the range for the session on Tuesday as it is a classic sell signal.
