The AUD/USD pair tried to rally during the session on Friday, but as you can see gave back almost all of the gains in order to form a shooting star. The shooting star of course is a very negative sign, and the fact that we formed a right around the 0.9350 level suggests that the market is in fact going to pull back from here. We believe this is a short-term pullback though, as there is significant support at the 0.9250 handle. Ultimately, we prefer to buy the pullback as opposed to sell this candle.
