The AUD/USD pair broke higher during the session on Friday, as the market continues to bounce in the general vicinity that we are in at the moment. With that, we still look to sell rallies as they show up, as we believe that the downtrend will continue to go much lower. Ultimately, we believe that the downtrend should continue, and that the market will ultimately look for the 0.75 handle. As far as we can tell, the 0.80 level above is at the ceiling in this market, and therefore we have no interest whatsoever in buying.
