The AUD/USD pair initially fell during the course of the session on Friday, but found enough support below to turn things back around and form a hammer. This coincides with the gold markets rising overall and breaking out, so that of course is a positive sign for the Australian dollar in general. If we can break above the top of the Thursday candle, we feel that this market could in fact grind its way back to the 0.84 level, and then possibly the 0.85 level. That area is massive resistance, but a bounce to that area is in exactly asking too much out of a marketplace that had fallen so hard.
