The AUD/USD pair initially tried to rally during the course of the day on Wednesday, but found enough resistance above to turn things back around and form a nice-looking shooting star. Because of this, we believe that the market is ready to break down again, and that it is only a matter of time before we go lower. With this, we are sellers on a break the bottom of the shooting star and believe that we will ultimately head back down to the 0.76 level. Even if we rally from here, we still have no interest in buying the Australian dollar.
