The AUD/USD pair rose during the course of the week, as we continue to see a bit of support near the 0.70 level. With this being the case, we think it’s only a matter time before the sellers will enter the market though, as we see a significant amount of resistance near the 0.74 level. Ultimately, we are looking for some type of resistant candle in order to start selling, but right now obviously do not have it. We may have to look to shorter-term charts in order to do that though.
