The AUD/USD pair fell during the Friday, but got a bit once we got below the 1.03 level. This formed a hammer, and as such it looks like we have support to go higher. However, we have a couple of shooting stars from the last several sessions, and as such we have not broken yet. This suggests that we are going to see resistance as well. Looking at this chart, we are more of the line that we will probably grind sideways in the immediate future. Having said that, we are presently very flat of this currency pair.
Written by FX Empire