Forex Analysis : AUD/USD

Trading as forecast lat week, this time we think the Aussie might just break out above 1.0200 to nearer 1.0300 or so.

Trade View
• The Australian Dollar has been quite predictable for several weeks now, which suggests that a breakout above the 1.200 mark should see a decent spike in price, at least to 1.0300, possibly a tad higher.
• Friday’s strong move leaves 1.0080 to 1.0100 as first support of substance, with 1.0040 down to parity a stronger base.

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