The AUD/USD pair broke down during the course of the session on Wednesday, testing the 0.79 handle. This is an area where we would anticipate seeing a bit of support, and therefore we are not interested in selling. We believe that sooner or later the buyers will probably come back into this market and push this pair back towards the 0.80 level. With that, we are essentially on the sidelines, as we do not have a bullish candle to start buying. We will keep you updated, but at this point in time we have no interest in risking money in this market.
