The AUD/USD pair rose during the session on Friday, breaking the top of the hammer from the Thursday session, however you can see that we are still below the 0.95 handle, and as a result we are essentially going nowhere fast. It isn’t until we get a daily close above the 0.9550 handle that we are comfortable buying this market, and as a result we are on the sidelines. Alternately though, if we do get a pullback with a supportive candle, we would be interested in buying at lower levels. Selling is not something were interested in right now.
Written by FX Empire