The AUD/USD pair initially rose during the session on Friday, but found too much resistance of the 0.90 level in order to fall back and form a negative candle. This negative candle is testing the bottom of the hammer from the Thursday session, and therefore it appears that we could break down from here. A move below the bottom of the hammer since this market down to the 0.88 handle, where we could find more support. We believe that the Australian dollar will continue to weaken, simply because the weekly candle of course is a shooting star, so we are looking to sell.
