The AUDUSD has exceeded .98 and is testing the 100% extension of .9327-.9667/.9475 at .9815 now.
On the daily chart, the pair is testing a parallel channel line.Also, rapid rallies such as the one that we have just witnessed are prone to quick reversals.While we do expect a test of 1.00 at some point, we think it wise to exit at the confluence of this fibo extension (.9815) / long time parallel channel line.
