The AUD/USD pair fell during the bulk of the session on Thursday, but as you can see got a little bit of a bounce just below the 0.89 handle. This market of course has been very bearish for some time now, but any bounce from here we think runs in the serious trouble at the 0.90 level. Because of this, we are looking at rallies as selling opportunities, as well as a fresh new low as being one also. Below there, we think the market has to the 0.85 handle given enough time.
Written by FX Empire