The AUD/USD pair initially rose during the course of the session on Friday, but found enough resistance again to turn things back around and form a shooting star, just as we did on Thursday. Because of this, it does appear that the market is ready to pull back again, but the impulsive candle from the session on Wednesday should probably provide enough support that we don’t think this market will drop to significantly. With that, we are still looking at pullbacks as potential buying opportunities, and a move above the 0.9500 level would in fact be a longer-term buy-and-hold signal.
