The AUD/USD pair fell during the day on Monday, dropping below the 0.80 level. This of course is a very negative looking candle, but there is quite a bit in the way of support just below so we need to see whether or not we get enough support to turn things back around and form something along the lines of a hammer. If we can break back above the 0.80 level, we feel that the market should continue the longer-term and aim for the 0.82 level, and a break above there we are looking at a longer-term buy-and-hold situation.
