The AUD/USD pair initially tried to fall during the session on Friday, but bounced enough to form a nice positive candle. The 0.82 level has offered a little bit of resistance, but at this point in time we feel that this market could bounce a little bit from here. If it does, we are still looking for short-term buying opportunities, but longer-term selling opportunities. Nonetheless, expect quite a bit of volatility and that the 0.85 level will be massively resistive. All things being equal, we believe that short-term trades are probably going to be the way to go.
