By ForexMansion.com
The AUD/USD has found support at the 0.97 level as predicted, and is now testing the 1.0000 level. Since this is a midpoint between two larger areas, it is advised that no new trades are taken here, but rather shorts at 1.02 (with a tight stop) and longs at 0.97. If we see a failure to rise above the 1.0000 level, this could be a hint to a further breakdown below 0.97 and moving below.
