The AUD/USD pair broke higher during the day on Wednesday, as we slammed into the 0.78 resistance barrier. We didn’t break above it though, so at this point in time we don’t really see much of a trade here. We could pull back a little bit, but at the end of the day this is a market that continues to chop around and certainly doesn’t give us any clear signal as to what we should be doing. With that, we are on the sidelines when it comes to the Australian dollar at the moment.
