The AUDUSD put in a rather volatile day on Friday, selling off initially then moving higher and erasing those losses only to back off the highs into the day’s close to end the day up slightly. As long as price stays below that resistance near 0.8835 – 0.8900 on a closing basis this week, we see potential for price to fall lower and for the downtrend to continue from the fakey pin bar sell signal that we discussed in our October 21st commentary.