The AUD/USD pair initially fell during the course of the session on Friday, but found enough support at the 0.70 level to turn things back around and form a hammer. That hammer of course is a very positive sign, but at the end of the day we recognize that we are very much in a downtrend overall, so having said that we are simply waiting for a resistive candle above from which to start selling. The higher this pair goes, the more tempted we are to start selling. We have no interest in buying at all.
