The AUD/USD pair tried to rally during the course of the session on Monday, but you back most of the gains in ended up forming a shooting star. The shooting star at the bottom of a downtrend of course shows even more weakness, and that means of the markets will more than likely continue to sell off. We believe that the market will then head to the 0.75 handle, and that rallies are continued selling opportunities going forward as the 0.80 level is so massively resistive. We have no interest whatsoever in buying this market.
