The AUD/USD pair went back and forth during the session on Friday, but as you can see we still sit just above the 0.90 level. In other words, this market really isn’t going anywhere fast. This is an area of significant consolidation, and as a result we feel that the market is almost be impossible to trade at this moment in time. Because of this, we are sitting on the sidelines when it comes to the Australian dollar, and will wait to see a break out in one direction or the other from this consolidation region.
