The AUD/USD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer. This hammer sits just below the 0.90 handle, and if we break above the 0.90 level at this point in time, we believe that the Aussie dollar will get a significant bounce. On the other hand though, if we break the bottom of the hammer from the session on Thursday, this would be a very negative sign, and should send this market looking for the 0.88 level.
