The AUD/USD pair as you can see went back and forth during the session on Friday, essentially forming a slightly negative candle. We continue to hang about the 0.88 handle, which of course is an area that has been very attractive to the market for some time. We essentially see this market as one that is currently stuck, but we recognize that the overall trend is lower, and with that being the case the market should eventually break down to the 0.85 level, perhaps even lower to the 0.80 handle given enough time.
