The AUD/USD pair as you can see initially fell during the course of the session on Wednesday, but found enough support to turn things back around and form a hammer. We are just above the 0.80 level, an area that we think is massively supportive so quite frankly we would not be surprise at all to see some type of a bounce. With that, we have no interest in selling unless we close on a daily candle below the 0.80 handle, and are actually looking for supportive candles that we can buy.
