The AUD/USD has been working an inverted H&S pattern and counter trend bull flag pattern to the 78.6% retracement just to over .9500.

Assuming the RBA minutes are fairly hawkish we should test those levels later tonight. On the other hand, this is one of the most discussed chart in the FX at this time, sometime traders tend to take profits ahead of the key levels since they know  many traders are looking at the same chart.

Blake Morrow

Chief Currency Strategist, Wizetrade

Disclaimer: I am short the AUD/USD near current levels since Friday and am looking to add at HIGHER levels.