The AUD/USD pair went back and forth during the day on Thursday, ultimately settling on a slightly negative candle. However, there is a significant amount of support just below, so with that being the case we are bit hesitant to start selling now. We believe that a bounce could be coming, but that bounce should more than likely be sold. In the meantime, we will simply wait to see if we can sell those rallies if they occur, otherwise, we are more than willing to sit on the sidelines and trade other currency pairs.
