In my opinion AUDUSD price dropped heavily in the month of May 2013. Price has recently breached Monthly low and reversed quickly which is visible on Daily chart. I am seeing bulk of support and demand zones on monthly chart, which suggest that price would most likely reverse after hitting one of these areas. As such I am expecting price to head up and test 102.00 to 101.00 area and remain pretty much close to parity by 1st of July 2013, hence my forecast price is 0.9950.

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