The AUD/USD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar. We are approaching the 0.74 level though, and that is an area that could be quite resistive. With the jobs number coming out today, expect a lot of volatility and if we break down below the bottom of the candle for the Thursday session, we would be sellers. Given enough time though, we believe that the market will make its intentions known and we can follow either the impulsive move higher, or a break down lower.
