The AUD/USD pair broke higher during the course of the day on Wednesday, testing the 0.77 handle. However, we are most certainly in a negative type of market, so therefore we think that even though the Australian dollar probably will rally a little bit from here, we think of it as simply offering selling opportunities going forward. We are waiting for resistant candle in order to start shorting the Aussie dollar yet again, and believe that ultimately we will continue to see bearish pressure every time the buyers step in. With that, we are simply waiting.
