The AUD/USD pair went back and forth during the course of the session on Friday, showing quite a bit of volatility as usual. The 0.71 level below is supportive, but we also see quite a bit of resistance just above at the 0.72 handle. Ultimately, every time we pullback from here we should see support, but quite frankly this is a market that we feel more comfortable sitting on the sidelines currently, as the market is very tight and has a lot of support and resistance barriers around current pricing at the moment.
