The AUD/USD pair broke higher during the course of the session on Friday, as the market continues to bounce around the 0.78 handle. Ultimately, we see a significant amount of resistance above, especially at the 0.80 handle, where we feel that the sellers are going to come back into play, and start pushing this market much lower. With that, we feel that the market would head back down to the 0.7650 level, and possibly even lower than that. At this point in time, we have absolutely no interest whatsoever in buying the Australian dollar.
