The AUD/USD pair tried to rally initially during the session on Friday, but as you can see the 0.95 level offered resistance yet again. The shooting star is the third one in a row, but quite frankly it does look like were ready to start falling quite yet. Longer-term though, this pair is starting to look more and more interesting to the downside, and as a result we are very much aware the fact that a break below the 0.9 or level could bring longer-term sellers involved into the market. We think that there will be support right around the 0.92 handle, but below there we get to the 0.90 handle relatively quick. As far as buying is concerned, we would have to break back above the 0.9550 level.
Written by FX Empire