The AUD/USD pair initially fell during the course of the session on Friday, but found buyers below to turn things back around and form a bit of a hammer. This hammer of course is a bullish sign, and as a result we feel that the Australian dollar will probably strengthen a bit. However, we are not willing to put money into the market though, because there is far too much in the way of resistance above. In other words, this is a very difficult market to get excited about and therefore we will simply stay on the sidelines.
