The AUD/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. With that being the case, the market looks as if it is going to drop from here and try to reach towards the 0.73 level, and possibly even as low as the 0.7450 level. If we can break above the top of the shooting star for the day, it’s likely that the market will try to reach towards the 0.77 handle. With this, I believe that the one thing you can probably count on is volatility.
