The AUD/USD pair tried to rally initially during the session on Friday but then turned back around to fall. The market is currently sitting just above the 0.82 level, and as a result we feel that there is a significant amount of support just below. However, we believe that the real support is closer down to the 0.80 handle. Any rallies at this point time will be selling opportunities, and as a result we are waiting for resistive candles in order to sell, or the aforementioned break down below the 0.82 handle.
