The AUD/USD pair went back and forth on Friday, ultimately settling on a relatively unchanged candle. The shape of the candle is a bit like a hammer, but quite frankly we been grinding away sideways at the 0.9350 level, and with that we feel that this market is essentially going to do nothing at the moment. If we do pullback from here though, we see plenty of support down at the 0.9250 level, and as a result we would be buyers on support candles down there. On the other hand, we break above the 0.94 handle, we should head to the 0.95 level, which of course is our longer-term target.
