The AUD/USD pair has broken down below the recent low, and looks as if it’s ready to head down to the 0.85 handle. That area should be massively supportive, as the market should continue to go lower from there. We believe that ultimately if we can get below the 0.85 level, the market should then head to the 0.80 level. Ultimately, we believe that rallies on short-term charts will continue to be selling opportunities as the US dollar is without a doubt the strongest currency in the Forex markets at the moment.
