The AUDUSD pair went back and forth during the course of the day on Tuesday, essentially settling nothing.

With that being said, we think that the market is just simply going to bounce around in this general vicinity, and therefore we aren’t necessarily interested in buying this pair.

We think that the market will continue to be choppy, and quite frankly there will be easier ways to trade currency pairs in the Forex market than to be bothered with the AUD/USD pair.

We will keep an eye on this market though, as always.

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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