The AUD/USD pair fell during the course of the session on Monday, testing the 0.77 level. This is an area that has been supportive in the past, so it’s not a big surprise if we were to bounce from here. However, we have been consolidating in a larger area, and quite frankly this is a relatively choppy market. We could very well head to the 0.76 level below, but we believe that the support there is simply far too strong to break down below. All things being equal, we are leaving the Australian dollar alone at the moment.
