The AUD/USD pair fell initially during the session on Friday, but as you can see found a little bit of support at the 0.93 handle, thereby forming a hammer. We believe that the market is trying to break out to the upside, and ultimately we should head to the 0.9450 level. Most certainly, there is a significant amount of support below, so we do not have any interest whatsoever in selling this market until we break down below the 0.92 handle, something that looks very unlikely. With that, we are bullish for the short-term.
