The AUD/USD pair had a positive session on Friday, as the market continues to try and fight the downtrend that we have seen recently. However, the 0.90 level should continue to offer resistance going forward, and as a result we are more than comfortable letting this market come back down to that level in order to start selling on resistive candles. The gold markets did put up a little bit of flight, so we could get a little bit more of a bounce denied. Nonetheless though, we are looking to sell the Australian dollar, not buy it.
Written by FX Empire