The AUD/USD pair fell significantly during the session on Tuesday, as we continue to chop around in this market. There is a significant amount of support just below at the 0.7150 level, so we believe that the market could very well bounce from here. However, if we break down below the lows of the session, the market could very well try to reach back towards the 0.70 handle. Ultimately, the markets again be very volatile and quite frankly it’s probably going to be a very difficult day to trade the Australian dollar.
