The AUD/USD pair broke higher during the course of the day on Tuesday, clearing the 0.70 level at one point. Because of this, we did get a bit of a bounce, and that is what we have been expected. If we can get some time a resistive candle in this general vicinity, we would be willing to sell. In fact, we think there is a massive amount of resistance all the way to the 0.72 level, an area that has pushed this market lower before. We have no interest whatsoever in buying, the Australian dollar is extraordinarily soft.
