The AUD/USD pair fell during the session on Friday, but bounced a little bit in order to form a hammer like candle. Because of this, look like the markets going to try and break back to the 0.95 handle, but we do recognize that any move from here is going to run into trouble almost immediately. Is because of this that we still need to see the nice daily close above the 0.95 handle in order to start going long. As far as selling is concerned, we have no interest in doing so at the moment as there are so many supportive areas just below.
Written by FX Empire