The AUD/USD pair went back and forth on Monday, testing the 0.75 level for support. The market has been supported in this area before, and with this it would be a bearish sign if we could break below there as well. Any rally at this point will offer value in the greenback, and we believe that the 0.80 level above will be massive in resistance as it has been important more than once in the past. We believe that the gold markets aren’t going to help the Aussie either. We are sellers only.
