The AUD/USD pair had a very negative session on Thursday as we continue to see a lot of volatility near the 0.80 handle. Because of this, we are still bearish of the Australian dollar but we recognize that the markets will probably be a very dangerous place to trade. With the nonfarm payroll numbers coming out today, expect a lot of volatility and quite frankly this might be a pair you want to avoid. However, if we get close to the 0.80 level it might be worth shorting for a small and short-term trade.
