The Aussie fell hard on Thursday, and found the support area that bulls would need to hold in order to keep the overall rally alive. The parity level has held yet again, suggesting that this pair wants to keep going higher.
The levels that are needed to be watched include 1.02, and the 0.9950-1.000 marks. If price breaks below the 0.9950 level, we will probably fall directly to 0.98 before finding more support. A break of 1.02 would validate the triangle that we have been discussing, with an implied move to the 1.09 handle.
