AUDUSD Sleeps in New York

19 Jul
2012
by in Uncategorized

The AUDUSD pushed higher once again on Thursday.  Most of the dirty work occurred during Asian and European hours.  The cross consolidated its gain for most of the day in New York .  It would be healthy for the pair to pullback at this point.  If it does is another question.  Any pullback to trend line support at 1.0350 could find buyer in the short-term.  Until the trend breaks The bias will be for a continued move higher.  Resistance is now at the peak of the decline from May at 1.0460.

Sup          1.0350

Res          1.0460

Plan:   Looking for a pullback towards the trend line

For access to Keane Insight’s and current trade stream http://wp.me/P2pFeJ-1IT  .

First week is free.    To follow on twitter look for THE KEANE @chrisfkeane