The AUD/USD pair initially tried to rally during the course of the day on Friday but turned back around to form a significant shooting star. However, there is quite a bit of support just below current area in order to keep us from selling. We think that the market should continue to be very choppy overall and as a result we are simply sitting on the sidelines at this moment until we get some type of impulsive candle that shows momentum picking up in one direction or the other. Until then, patience will be needed.
