The AUD/USD pair broke out to the upside during the session on Tuesday, closing at the 0.9150 level. However, it seems that the market is going to struggle in this area, and if we break the top of the candle for the session on Tuesday, we should head towards the 0.9250 level. However, this area should end up being the resistance area that the market cannot go over, and as a result we also believe that a resistive candle in that general vicinity could be a nice selling opportunity. We would not hesitate to sell undergoes conditions, but do recognize that there is a short-term buying opportunity on a breakout to the upside.
Written by FX Empire