The Australian dollar initially rallied during the day on Wednesday, but found far too much in the way of resistance above and ended up turning back around and form a fairly negative candle. Nonetheless, I don’t feel comfortable selling this market as I see so many areas of support just below. With this, although I recognize that the Australian dollar very well could fall, I more than likely just to sit on the sidelines at this point in time. Pending I think you can count on in this market is going to be volatility though.
