AUD/USD: Looks like topside danger today, 1.0300 perhaps

AUD/USD breached the well-protected barrier at 1.0200 overnight but bounced pretty sharply. I suspect that the short-term market is now caught short and the danger is that we see a short-squeeze during Asian FX market trade. If stocks turn bullish around the region, we could see AUD/USD back up towards 1.0300.