The AUD/USD pair initially fell on Wednesday, but found enough support below to turn things back around to form a hammer for the day. However, the market is essentially stuck at the moment, so really at this point in time we feel that it is probably best left alone. We have no interest whatsoever in buying at this point, but we certainly don’t have any interest in selling either. In other words, until this market makes up its mind, we will simply be on the sidelines. We will observe, and will eventually give our opinion on the next move.
