The AUD/USD pair broke higher during the course of the session on Friday, going all the way to the 0.77 handle. This was basically in reaction to the less than anticipated addition of jobs in the United States, as the Nonfarm Payroll numbers were so disappointing. Because of this, we believe that the US dollar was punished all around the world, but we find interesting is that this market gave back about half of the gains. With this, we will look for short-term resistive candles in order to continue selling the Australian dollar as we believe the market needs to head down to the 0.75 handle next.
