The AUDUSD pair fell during the session on Thursday, but found support at the all-important 0.9250 level again.

We believe that this market will continue to find support in this range, and down to the 0.92 handle.

Is not until we break below there that we would even consider selling this market, and even at that point we would be a bit hesitant.

A supportive candle in this general vicinity is perfect as far as we can tell, and we would be more than willing to start buying at that point time.

Editor’s Note: Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the Aussie dollar without a FOREX account.  The ETF looks to track the price of the euro, minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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