By ForexMansion.com
The AUD/USD has finally closed above the 1.02 level, signaling fresh buying in the pair. The measured move implied by the consolidation rectangle has us aiming for 1.07 before it is all over. A break below 1.02 on a daily close could have the pair retesting parity as it winds up to try another move upward. Selling this pair is not an option at this point.
