The AUD/USD has fallen rather hard during the course of the week, slicing through the 0.66 level. That being said, it looks like the market is going to continue to be a “fade the rally” on short-term charts, as we will eventually try to work our way down to the 0.64 level. At this point, if we were to break back above the 0.66 level, it would be a very major victory for the Australian dollar as it looks like markets are starting to run toward safety and of course the United States in general. I remain bearish. {chart} The USD/JPY has exploded upward against the Japanese yen during trading this past week, and now we ... (full story)