The AUD/USD pair initially fell during the course of the session on Tuesday, but turned back around to find a very positive candle at the outcome. We still believe that there is a significant amount of resistance somewhere near the 0.7250 level, so we are simply going to let the market “come back to us” before we start selling. A break down below the bottom of the range for the session on Tuesday would also offer a selling opportunity as far as we can see. We have no interest in buying this market at this point in time.
