The AUD/USD pair fell during the course of the day on Friday, but bounced slightly in order to form a bit of a hammer. Ultimately though, we have no interest in buying this pair and we believe that resistive candles on bounces should be selling opportunities. A break down below the bottom of the range of Friday should have us selling this market yet again. We believe the market would then head to the 0.75 handle given enough time. Rallies are simply going to be looked at as value in the US dollar.
