The AUD/USD pair fell during the course of the day on Thursday, testing the lows yet again at the 0.82 handle. We believe that a move below that area should send this market looking for the 0.80 handle, and then possibly even lower than that given enough time. We have no interest whatsoever in buying the Australian dollar, as it should continue to struggle overall. We believe that the gold markets are not helping the situation either, as the Australian dollar is of course very heavily influenced by that particular commodity market.
