The AUD/USD pair fell during the day on Thursday, reaching towards the 0.73 level below. That is an area of that is massively supportive, but I think we will break down below there given enough time. Anytime we rally should be an opportunity to sell on signs of exhaustion. A break down below the 0.73 level should send this market looking for the 0.70 level which is a very reasonable assumption, due to the fact that the gold markets or falling apart and should continue to do so as the US dollar is favored overall.
Written by FX Empire