The AUD/USD as you can see fell during the session on Tuesday, only to turn back around and form a hammer. Because of this, it looks like the market is still trying to build up enough momentum to break out to the upside, and clear the 0.95 handle. Above there, this becomes a “buy-and-hold” type of market, as we should at that point in time aim for the parity level. Ultimately, we feel that this market will do that exact move, and as a result we are “buy only” at this point. Selling isn’t even an interest.
