The AUD/USD pair fell during the course of the day on Monday, breaking back below the 0.70 level. Because of this, it looks like we are going to try to go lower, perhaps heading to the 0.69 level. With this, we feel that it is only a matter of time before the markets break down a bit, but it does not look like we are going to fall apart rather quickly. In other words, this is a market that looks negative overall, but will more than likely just grind sideways and as a result we are not that interested.
