The AUD/USD pair fell during the session bouncing back down from the 0.95 handle. This area of course has been resistive in the past, and we did suggest that perhaps it would be again this time. Now that we’ve seen a little bit of a pullback, we now want to see some type of supportive candle below that suggests the market is going to try to break through. However, if we don’t get it that’s fine too, would you simply stay on the sidelines. Right now though, we are not willing to sell simply because of the fact that it has been so bullish here lately.
Written by FX Empire