The AUD/USD pair initially tried to rally during the course of the day on Monday, but as you can see struggled to keep any gains in ended up turning back around to form a shooting star the shooting star is of course a very bearish signal, and as a result we feel that it’s only a matter of time before this market breaks down, and heads towards the 0.76 handle and possibly even lower than that given enough time. We believe that ultimately the 0.75 level is the next true target. We no interest in buying.
