you ammonia level should be zero.
It will drop once the cycle starts going.
Then you'll notice the nitrates to rise, and after some time go back to a reading of 0 as well.
When you have enough established bacteria you should start getting a nitrate reading and that will show you the filter and tank are cycled.
But you got a slightly different situation, since your o is allready in the water.
Doing 25 % waterchanges daily, and adding Prime to the new water may be a good idea to keep the toxins in check, for ammonia is very dangerous to your oscar.
Prime help detoxify the ammonia as well, but it will still show up on the testresults.
just keep testing daily.
Oh, sorry, Delboy,i missed your post, it had all the same info in it...
Never mind, repeating good advice can do no harm.