By FXEmpire.com
The AUD/USD pair rallied on Friday as the risk appetite of traders around the world shot straight up. After all, there have been statements that the central banks around the world are willing to help prop up markets if the Greeks vote the anti-austerity party into power, and as a result many will feel there is no real chance of a downside move.
The parity level is broken to the upside, and we think that the 1.02 level will be targeted going forward at this point. However, this is all based upon the markets not melting down. Even if this happens on Monday morning, it will only be a matter of time before the central banks get involved again.
Click here to read AUD/USD Technical Analysis.
Originally posted here
