Traders are looking at the BIG 1.0000 number. You can bet there will be loads of action right near there. For those who want to play it from these levels, get in early and small. There will be whipsawing up the **** within 20 pips of there. Should be good for some bounces though.
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This was just on ForexLive: (mentions the 9950 area I talked about earlier --pat self on back. lol)
SYDNEY, Oct 14 (IFR) - The AUD/USD has traded as high as 0.9933 this morning, as model funds, prop traders and Australian exporters are the noted buyers since the Asian market opened. Japanese names have sold near the highs and are capping for the time being. There is talk of an option barrier at 0.9950 that may cause some hesitation ahead of the elusive parity level, but the market is decidedly bullish after the strong bounce yesterday. The AUD/USD trades 0.9925/30.
Peter