The AUD/USD pair broke higher during the session on Friday, but as you can see ran into enough resistance to turn things back around and form a shooting star. The shooting star of course is a negative sign, but we have a massive hammer underneath it. That tells us that the market is essentially going back and forth and that we will eventually see in of buying pressure to send it higher in our opinion, as what we look like we are doing at this point is basing. We have no interest in selling until we get below the 0.92 handle, something that doesn’t look likely in the short-term.
