The AUD/USD pair tried to rally during the course of the session on Friday, but turned back around and formed a shooting star. The shooting star at the bottom of the downtrend does in fact suggests that we are going lower. We are sitting right at the 0.85 level, an area that is massively supportive. However, we believe that ultimately this pair will break down from here and send the market down to the 0.80 handle. Because of this we are sellers, but we need to see that break down first before risking any real money.
