The AUD/USD pair broke lower during the session on Friday, testing the lows yet again. With that, it appears that the market should continue to break down a little bit, heading towards the 0.80 level. Ultimately, the markets will continue to offer selling opportunities every time they rally, as the market is so be down, and we recognize that the 0.85 level above is massively resistive. Ultimately, we think that the market will break down to the 0.80 level, where we see a massive amount of support based upon longer-term charts down there.
