The AUD/USD pair bounced during the session on Friday, but as you can see is still well below the 0.90 level. That area should offer a bit of resistance, and as a result we would not take this candle on Friday to heart. We would be more than willing to sell any resistive candle near the 0.90 level, or selling a break of the lows that we have seen over the last 48 hours. We believe that if that happens, were going down to the 0.88 handle, and if we can break below there, this market could really start to fall apart.
Written by FX Empire