The AUD/USD pair try to rally during the session on Friday, but as you can see the sellers to go over and push this market down. Pushing the market down like this has formed a shooting star, and we believe that the market is ready to continue falling from here. That being the case, a break to fresh new lows would be reason enough to sell, as would any rally that show signs of weakness from here. In fact, we have no scenario in which we are buying this market at the moment.
Written by FX Empire