FXstreet.com (San Francisco) - The Aussie is trading higher again today against the American Dollar and after setting a bottom at 0.9920, the AUD/USD has risen to break up the 0.9960 resistance and reach levels close to the parity.
Currently the pair is trading at intra-day highs at 0.9990, 0.60% above today's opening price action. "Impulsive rally off this morning's low suggests move to 1.0002 before failure at highs and reversal," comments Christopher Vecchio from DailyFX.com in his twitter account.
"If 0.9900 holds, then it will increase the chances of seeing a break and rise above 1.0000 towards 1.0070-1.0100," comments the Kshitij Consultancy Services Team. "We expect the Support at 0.9900 to hold and to see a rise to 1.0070-100."
