The AUD/USD pair fell during the course of the session on Wednesday, as the market continues to show weakness overall. The Australian dollar is one of the weakest currencies that we are trading right now, and as a result we are looking for a move down to the 0.76 handle. At that point time, we believe that the market will break down and head towards the 0.75 level next. Any rally at this point time should be a selling opportunity as there is a significant amount resistance all the way to the 0.80 handle.
