The AUD/USD pair had a positive session on Tuesday, breaking above the 0.88 level at one point in time, but falling back down before the day closed. Nonetheless, this market looks like it should run into a significant amount of resistance in this general vicinity, so we are looking for some type of resistant candle to start selling. If we get that, we will not hesitate to sell and believe that the market will more than likely test the recent lows again. On the other hand, if we break higher we believe there is far too much resistance between here and the 0.90 level to start buying.
