The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9150 handle.

This is a trigger for us, and we believe that this market is now going to head to the 0.9250 level.

That being the case, we feel that this market will be bought on pullbacks, and short-term charts will more than likely offer buying opportunities so that we can continue to go higher.

In the end though, we feel that the Australian dollar should continue to strengthen, but also recognize that it may not be the easiest move to make.

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.

Content curiosity of FOREXCycle