The AUD/USD pair fell hard during the session on Wednesday, breaking the bottom of the range that we saw during the Tuesday session. As we plow into the supportive area though, we still have to get below them .09250 level in order to continue lower, and with that being the case, we feel that this market will attempt to do just that. If we can get below 0.9250, we feel this market will continue down to the 0.90 level where will face significant support in that general vicinity. In the meantime, we are waiting for that breakdown in order to start shorting.
Written by FX Empire