The AUD/USD pair rose during the session on Tuesday, launching from the supportive candle that we had formed on Monday. However, you can see that we are approaching the top of the recent consolidation area, and beyond there is significant resistance of the 0.95 handle as well. The cousin this, we are not buyers of this market is simply look at this as an opportunity to sell the Australian dollar at higher rates. That being the case, we are simply going to sit back and wait for a session or two, and sell that resistive candle as it appears.
Written by FX Empire