The AUD/USD pair struggled on Friday as the market sold off in general. The Thursday session produced a hammer, and the Friday session formed a shooting star – effectively stating that the pair is confused and could grind sideways over the next few sessions. The pair is very sensitive to headlines, and as a result – great care should be taken when trading this market. We would be willing to buy pullbacks, especially ones that find support at parity.
Written by FX Empire