The AUD/USD pair broke higher during the course of the session on Friday, testing the 0.72 level. This is a market that has more than enough noise above to keep this market somewhat soft, so having said that we believe that sooner or later we will form a negative candle that we can start selling. We have noticed in buying, we believe that the Australian dollar will continue to suffer as gold markets are very soft overall, and should continue to find sellers in the near term. At this point in time, we still believe the US dollar is favored.
