The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle.

Because of this, the market should eventually have to make a decision, but at this point in time it looks like dead money.

We have no interest whatsoever in buying or selling this market, although we do recognize that more than likely we could drop from here in the short-term.

There are simpler trades out there to take, and certainly this point in time the lack of motion in this market will continue to be difficult to deal with.

Editor’s Note: Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the Aussie dollar without a FOREX account.  The ETF looks to track the price of the Aussie dollar (AUDUSD), minus ETF fee. The fund seeks to reflect the price of the Aussie dollar (AUDUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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