The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.90 level to keep the market somewhat afloat.

That being the case, it appears that the market will more than likely find buyers just below, and we will be looking for a supportive candle to perhaps by.

In the meantime, we will simply stay on the sidelines as is market has a lot of noise in this general vicinity.

Going forward, if we managed to break down below the 0.8880 handle, we would be sellers as it would show a significant break down.

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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 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.