The AUD/USD pair fell during the bulk of the session on Friday, but found enough support below to turn things back around and form a hammer. This hammer suggests that the market wants to break higher and as a result we are buyers on a break above the 0.9450 level. We think the market will first try to get above the 0.95 handle, but will more than likely eclipse that and head to the parity level given enough time. Pullback should offer buying opportunities as well as there has been so much in the way of positive momentum.
