The AUD/USD pair broke down during the course of the session on Tuesday, breaking down below the bottom of the hammer from the Monday session. Ultimately, I believe that the 0.74 level below is essentially what we need to break down in order to start selling off drastically. In the meantime, I think short-term rallies will offer selling opportunities based upon exhaustion, and therefore I will use them as such. I think that we will get quite a bit of volatility, so nonetheless it is a market that will be difficult to deal with in the next couple of sessions.
