The AUD/USD pair went back and forth during the course of the day on Thursday, ultimately forming a bit of a neutral candle, with a little bit of a negative bias. In other words, the 0.8250 level offered resistance yet again, and it appears that if we can break down below the bottom this candle, we could drop back down towards the 0.80 handle. However, this is a fairly tight market and therefore we are actually going to stay on the sidelines because we don’t think that there is enough room to short at this point.
