The Australian dollar fell during the day on Tuesday, as we continue to see weakness. We are approaching the 0.75 level below. This is an area that has offered quite a bit of support and resistance in the past, so we can break down below there I feel that the market will continue to go lower. Any bounce at this point in time will more than likely offer a selling opportunity above, on signs of an exhaustive candles. Nonetheless, I do believe that this is a short-term trader’s type of environment so therefore anytime you start to collect profits, you may want to think about taking them.
