The AUD/USD pair tried to rally during the session on Thursday, but found enough resistance just above the 0.94 level to turn things back around and form a shooting star. We do not look at the shooting star as a sell signal though, we think it simply shows that the Australian dollar is not quite ready to breakout yet. This potential pullback should find buyers at lower levels, and as a result we will be looking for a supportive candle in order to start buying. On the other hand though, if we break above the top of the shooting star, we would be forced to start buying there as well.
