AUDUSD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle.

The 0.75 handle has support all the way to the 0.74 level below it, so quite frankly it’s likely that the market will find some type of support in this area, and a bounce or a supportive candle would be reason enough to start going long.

The Australian dollar has been fairly strong for some time now, and quite frankly it looks as if it will probably continue given enough momentum.

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 Aussie dollar (AUDUSD), minus ETF fee. The fund seeks to reflect the price of the Aussie dollar (AUDUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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