The AUD/USD pair broke lower during the session on Thursday, testing the lows of the Wednesday candle. This is a market that looks like it’s ready to go down to the 0.85 handle given enough time, and perhaps even lower than that. We think that the market will find much more significant support at the 0.80 handle, entities jobs number might be reason enough to continue selling off. We look at rallies as selling opportunities as this market should continue to grind much lower given enough time. Gold markets certainly are not helping the Aussie either.
