NZD/USD rallied for much of the session on Friday, but gave up most of it's gains. The pair looks very vulnerable at this point, but there are simply far too many areas that could provide minor areas of support. Because of this, we are a bit leery about shorting this market. As for buying it - not likely.
The AUD/USD pair looks like a better short in our opinion. The failed rally for the Friday session formed a shooting star for the second day in a row. This pair currently sits just above the 1.02 handle, and as such we are sellers below that mark.