The AUD/USD pair tried to rally during the course of the session on Wednesday, showing the slightest possibility of going higher but since we turned back around it tells is really at this point time that the buyers simply do not have enough strength to be involved. Ultimately, we feel that the market should continue to go much lower, as we have broken cleanly below the 0.85 handle. At this point time, we anticipate that the market will then head to the 0.80 handle, and perhaps even lower than that. However, we recognize that the 0.80 level is massive in its implications on the longer-term charts.
