The AUD/USD pair fell during the course of the day on Monday, and as you can see broke down below the 0.77 handle. We recognize that there is a lot of noise just below, so even though we feel that the Australian dollar will continue to fall over the longer term, we recognize that there is a chance to see a little bit of a bounce from here. That bounce should simply offer another selling opportunity as a represent value in the US dollar. We have no interest in buying this market at all.
