The AUD/USD pair fell during the course of the session here on Friday, but continues to offer a “one-way trade. With that being the case, we feel that eventually the market will head to the 0.80 handle, given enough time. We are sellers a rallies as they continue to appear, and believe that there’s no way to go long of this market as the gold markets are simply not supporting the Aussie at the moment. With that, we are very bearish and we continue to sell and sell again. At the 0.80 level, we will have to reevaluate the situation.
