The AUD/USD pair tried to rally during the course of the session on Thursday, but we pullback in order to find a shooting star for the daily candle. With this, we feel that the market will break down eventually, as the 0.73 giving way to selling pressure should send this market looking for the 0.70 level, which of course is a large, round, psychologically significant number. Any rally at this point in time should be a nice selling opportunity as long as we can stay below the 0.75 handle, which looks very easy at this moment in time.
