The AUD/USD pair fell initially during the session on Tuesday, but found support below the 0.8150 level in order to turn things back around and form a hammer. The hammer as you can see sits right on top of support, and as a result a break above the top of the hammer could send this market even higher. However, this market is still most certainly in a downtrend, so we are bit hesitant to start buying. We need to see some type of impulsive candle to make a decision at this point, something that we do not have at the moment.
