By ForexMansion.com
The AUD/USD has finally closed above the 1.02 level, after making a hammer last week. This shows exactly how much support there really is for the Aussie at the moment and that we may have much farther to go. The recent consolidation area has a measured implied move to 1.07, while the 0.97 level would have to be broken for this to be a bearish pair at this moment in time.
