The AUD/USD pair fell during the session on Friday, further continuing the downtrend that we’ve seen. This market looks like it’s destined to continue falling, and therefore we feel that the market is heading to the 0.85 level without too many issues. That being the case, we feel that shorting in this general vicinity is fine, and rallies will continue to offer selling opportunities going forward. If we get below the 0.85 level, we think this market will continue to go lower, probably down to the 0.80 level. Buying is something that we are not interested in.
