The AUD/USD pair went back and forth during the course of the session on Wednesday, showing a bit of indecision. At that point, it looks as if we still have plenty of support below, and as a result it’s only a matter of time before he break out to the upside and perhaps head towards the 0.80 level. Ultimately, we don’t have any interest in selling at the moment, mainly because of the impulsive candle that we have printed on Tuesday. We have no interest in selling quite yet, even though we do believe that the longer-term trend is still negative.
