The AUD/USD pair rose during the session on Friday, but remains within the consolidation area we’ve seen over the last couple of sessions, as a result this market simply looks like its content to go back and forth at this point. The 0.950 level below offers significant support though, so any pullback to that area can be bought by short-term traders. As far as selling is concerned, we are a bit concerned about the way down here, but would not hesitate to sell a resistive candle closer to the 0.95 level, as it looks to be overly resistive.
Written by FX Empire