The AUD/USD pair rallied during the session on Friday, but remains within the previous consolidation area so we aren’t necessarily interested in placing money into the market. If we can break above the 0.95 level, we feel that this market would continue much higher, probably heading to the parity level. That being the case, we feel that this market is essentially a “buy only market”, but as you can see we are not quite ready to start buying at this point. If we pullback, we would buy supportive candles as well, but have no interest whatsoever in selling the Australian dollar currently.
