The AUD/USD pair initially fell during the course of the day on Thursday, testing the 0.86 handle. Because of that, we do forming a little bit of a hammer like candle and it suggests to us that we may bounce a little bit. Quite frankly that’s a selling opportunity as far as we can see, and we are going to look for resistive candles in order to do so. With that being the case, we are on the sidelines but we are looking for opportunity to take advantage of value when it comes to the US dollar.
