The aussie loonie is being absolutly loonie at the moment. Any trade taken on this pair for the foreseeable future is as good as a coin flip! If your into gambling and don't mind losing all your cash I would play to a bullish bias with a 1.03 target for short term, but if your are sensible stay out of this pair until the whipsawing around resolves itself.
To truly appreciate how mad this pair has been be sure to check 1H and 15m charts.