The AUD/USD pair went back and forth on Wednesday, as we continue to see quite a bit of interest between the 0.74 level on the bottom, and the 0.75 level on the top. Ultimately though, this is a larger type of range for support, so having said that it’s likely that the market will find buyers in this region. If gold markets rise, that could be reason enough for the Aussie to go higher as well. We have no interest in shorting this market, at least not until we get below the 0.75 handle.
