The AUD/USD pair tried to break out to the upside during the session on Monday, but pullback to form a bit of a shooting star. With that, it looks as if the market is ready to continue to go lower, probably heading down to the 0.75 level given enough time. We believe that this market is going to be one you can sell every time it rallies, simply because there is so much in the way of bearish pressure. We believe that the market will eventually break down below the 0.75 level, and heading to the 0.70 level.
