The AUD/USD pair rose during the session on Friday, but as you can see got beat back closer to the 0.93 handle. The resulting action formed a shooting star, which of course means that the market could very well pull back from here. Nonetheless, we think that there’s plenty of support below, and as a result there could be to trade setting up right now. The first one of course would be a break of the bottom of the range for the Friday session, and that of course is a selling opportunity down to about the 0.91 handle. Down there, we could get some type of supportive action to make us turn around and start buying again.
