The AUD/USD pair tried to break out during the session on Wednesday, but found the area above the 0.76 level to be far too resistive. Because of this, the market ended up forming a shooting star looks ready to continue going lower. The 0.75 level course is the next major area below, and we fully anticipate the Australian dollar trading down to that level at least. On top of that, the US dollar continues to remain the strongest currency in the world right now, and therefore we have no interest in going against it.
