By ForexMansion.com
The AUD/USD has been very stable in its lack of movement today, and has held at the 0.97 level, currently trading at 0.98 at the time of writing. It should be noted that the 0.97 level is absolutely vital to continue the upside bias in this pair and any close below it would spell certain trouble for the bulls. Based upon the previous action, it appears that for the time being people are looking to bounce this pair between that level and the 1.02 as a top resistance line.
