The AUD/USD pair fell during the course of the session on Thursday, wiping out all of the gains that had been achieved during the Wednesday session. With that being the case, looks like we are ready to continue going lower, and that we will in fact target the 0.75 level still. The US dollar is gaining against almost everything else right now, so it makes sense that the Australian dollar will of course continue to soften, especially considering that it is so highly leveraged to the commodity markets. With that, we are sellers of short-term rallies.
