AUDUSD GDP Miracle

06 Jun
2012

The AUDUSD is the pair that started things moving on Wednesday.   The AUDUSD rocked higher after beating GDP estimates after most trader believed the number could come in a bit soft.  The cross is now testing daily price resistance at .9935.  A break of this level could expose parity and the 50 fib from May's decline at 1.0026.  Support is now at .98.

Sup   .98

Res   .9935