The AUD/USD pair fell slightly during the session on Monday, as we continue to hang about the 0.7750 region. Nonetheless, the market looks as if it still has plenty of downward pressure in it, so we are looking for selling opportunities. At this point in time though, there is no real signal one way or the other and we believe that any rally at this point in time should offer selling opportunity as we believe the 0.80 level is the massive ceiling in this market right now. We have no interest in buying.
