The AUD/USD pair fell hard during the course of the session on Thursday, breaking the bottom of the shooting star that had formed on Wednesday. This was the perfect place to see this type of candle stick, as the 0.80 level had been so resistive in the past. With that being the case, we feel that the market may try to bounce a little bit higher from here, but if we can break down below the bottom of the range for Thursday that would be a very negative sign as the market could very well find its way down to the 0.77 level.
