The AUD/USD pair rose during the session on Thursday, but failed to make a strong statement. The resulting candle for the session is a shooting star at the bottom of this fall, and this is one of the most bearish signals we know of if it gets triggered. A break of the lows from the Wednesday session, and more importantly the 0.97 level, we will see continued pressure to the downside. This pair is certainly one that we aren’t willing to buy at this point, and a falling would have us selling this pair aggressively under the 0.97 level.
Written by FX Empire