The AUD/USD pair initially went much higher during the course of the day on Wednesday, but pullback to form a shooting star. By doing so, it looks as if the market is ready to go lower, and we of course would be sellers on a break of the bottom of that candle. We believe the market should then head to the 0.79 level, and perhaps even lower than that. We have no interest whatsoever in buying this market, at least not until we get above the 0.82 level, something that’s going to take a bit of strength.
