The AUD/USD pair fell during the course of the day on Thursday, but as you can see still sits above the 0.92 level, an area that we think is massively supportive. With that, we feel that the market finding a supportive candle in that area might be a nice buying opportunity as it would show that we could possibly continue the consolidation. However, the shooting star from the Wednesday session does suggest a perhaps there is a significant amount of selling pressure, and with that we think that the market needs to prove itself on at least a daily close if not a weekly close in order to get us to start buying again.
