The AUD/USD pair continued to fall during the session on Thursday, as we have now significantly broken below the 0.80 handle. We believe that this market will then head to the 0.75 handle, and that rallies going forward should end up being selling opportunities because the Australian dollar is so soft. Remember, the US dollar is the favored currency around the world, so makes complete sense that this market would continue to go lower. With that, we are sellers again and again until we hit the 0.75 level at the very least, and then will reassess the situation there.
