The AUD/USD pair tried to break higher during the course of the session on Tuesday, but turned back around to form a shooting star. That being the case, the market looks as if it’s ready to go much lower, and as a result we believe that this market should then go to the 0.75 level given enough time. We believe that rallies offer selling opportunities, and that the absolute “ceiling” is somewhere near the 0.80 level, which is a major level on longer-term charts. With this, we continue to sell every opportunity we get.
