The pair is carving out a lower top on the weekly chart which confirms a possible long term trend reversal.
The Aussie is now under intense pressure and we expect another test of parity soon. A break below this key support would validate the reversal structure and expose further setback.
The 1,02 area (previous range top) might offer some kind of support in the meantime but the downtrend will probably resume eventually.
Provided by atf-forex-trading.com