The AUD/USD pair continues to show significant weakness as we gapped lower at the open. With that being the case, the session on Monday certainly looks like a continuation of the downtrend in this marketplace. We believe that this market will eventually hit the 0.85 level, and that any bounce at this point in time should indeed be a selling opportunity as the Australian dollar continues to suffer. We believe that the US dollar continues to be the favored currency by Forex traders around the world, and with that we believe that the Aussie will continue to be sold.
