The AUD/USD pair fell during the course of the day on Friday, continuing to bounce around in the consolidation area that we’ve been in for some time, and as a result we feel that only short-term trades can be played. The 0.9350 level below is significant support though, so having said that we feel that any short position initiated now will only go to roughly that area. Buying supportive candles down near that area is probably the better way to go, and as a result we feel that it is much safer to go long instead of short.
