The AUD/USD pair tried to rally on Monday, but as you can see gave back most of the gains. The resulting candle is a little bit of a shooting star, so break lower is enough to get us to start selling again. However, we are heading towards Christmas, so it’s very likely that the lack of liquidity will continue to be an issue, and keep this market in a relatively tight range. However, we think that the ultimate direction of this pair seems to be to the downside at the moment, so there’s no reason to think about buying at this point in time.
