The AUD/USD pair initially tried to rally during the course of the day on Friday, but found the 0.9350 level to be a bit too resistive. With that being the case, the shooting star that form for the day suggests that we are heading back into the previous consolidation area that we had been in. A break down from here should leave this back down to the 0.9250 level, and as a result we think the consolidation should continue. On the other hand, if we broke above the top of the shooting star from Thursday, the market will then head to the 0.9450 handle.
