The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a very positive candle. This was partly due to the Reserve Bank of Australia announcing that it was cutting rates, but wasn’t interested in doing so in the future. This copy market off guard a little bit, and it now appears that we are going higher to test the 0.80 level. That area should continue to be resistance, but in the meantime it does look like short-term traders will continue to push this pair higher.
