By FXEmpire.com
The AUD/USD initially rose on Friday, but was pushed back at the 1.05 level as trader began to sell off everything risk related again. The pair now sits a little bit above the 1.03 area, which could serve as support. Although this pair looks weak in the short-term, that area will certainly provide some kind of support, and we feel selling would be hard to do. If we can break above the 1.06 level – this pair goes to 1.0750 and 1.10 eventually. Until then, we will sit on our hands. A break below parity would be a long-term signal to sell.
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