There is definitely some significant selling interest in the AUD/USD just ahead of 1.0200 and the interbank prop trading community is selling just ahead of there which probably explains why the market is stalling at the recent highs. Nevertheless, the pull back so far has been negligible and the corporate and hedge fund buying hasn’t dried up yet so I’d advise keeping a tight stop on short positions just above 1.0200. One dealer just told me that if it breaks above 1.0200 it will go to 1.0350 so I guess he thinks the stops are big and liquidity is poor.