The AUD/USD pair fell hard during the session on Monday, continuing the downtrend that we have seen for some time. We tested the 0.86 level, which is just above the support so on that we are looking at all the way down to the 0.85 handle. If we get below there, we feel that the market can continue to go much lower, perhaps to the 0.80 level. We think that rallies at this point time are going to continue to be selling opportunities, as there is so much massive bearish pressure in this marketplace.
