The AUD/USD pair dropped an amazing 2 handles on Tuesday to reach the 1.08 level at the end of the day. The level represents the latest breakout, and needs to hold for the bulls to win the day as it were. Because of this, we are waiting to see if there is supportive action in this area, and if so – we could see a buying opportunity. However, the daily candle for Tuesday is closing at its absolute lows – never a good sign.
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