The AUD/USD pair tried to break out to the upside during the session on Thursday, but as you can see failed out the 0.9450 area, and as a result we turned back around to form a shooting star. What frankly, we think this is just the market going sideways overall, and making an attempt to find support and enough momentum to finally break out to the upside. With that being the case, we are very bullish of this market overall but recognize that buying on dips or waiting for the breakout above the 0.95 level is all the we can do right now.
