The AUD/USD pair fell during the session on Friday, but found enough support at the 0.87 level to turn around and form a hammer. Nonetheless, we believe that this market is still inherently weak, and as a result we would not buy it. Any type of rally should be looked at with suspicion, and rallies that show signs of weakening our selling opportunities as far as we can tell. If we managed to break down to a fresh new low, we think this market has the 0.85 level without too many issues.
