The AUD/USD pair went back and forth during the session on Friday, forming a fairly neutral candle. Having said that, the market is rather bullish overall that we think that a pullback could be coming. After the bullish momentum that we’ve seen, that would make complete sense, but we would be more than willing to buy a supportive candle at a lower level. At that point time, we would expect the “risk on” market attitude to come back overall, with the Aussie dollar been one of the major beneficiaries. We expect to see support all the way down to the 0.92 handle.
