The AUD/USD pair initially try to rally during the session on Tuesday, but as you can see found enough resistance to push the market back down.

We find yourselves now below the 0.90 handle, and we will be looking for support now at the 0.89 level. Any supportive candle there could be a buying opportunity, but if we get below that level, this market should start to fall significantly.

Either way, we’re in wait until the end of the session today in order to make our trading decision as we feel this is one of those days that are best left alone.

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Editor’s Note: Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the euro 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.