The AUDUSD moved up to test parity once again today in New York.  The cross could not maintain its gains and sold off aggressively into the close.  A test of trend line support from the 1st of the month could be in the cards at .9925.  The cross is going to break one way or the other in the near future.  A push above parity and the 50 fib at 1.0027 could produce a move up to the 1.040 region.  A break below the trend line will initially target support at .9850.

 

Res     1..0027

Sup     .9925         .9850