The AUD/USD pair rose during the session on Friday, breaking above the 0.90 handle. However, the market still see is a significant amount resistance above as shown by the Wednesday shooting star. If we can get above the 0.91 handle, we feel that the market could grind its way up to the 0.9250 level. On the other hand, if we fall we could continue to fall farther simply because of the downtrend, but we recognize that there is a lot of noise below all the way down to the 0.98 handle. Expect choppy conditions, but the next couple of days should be interesting.
