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The AUDUSD finished near the highs of the week after trading inside a 140 pip range for the majority of it.  The pair tested channel resistance at 1.0580 once again Friday. Daily price support is strong at 1.0420.  This level supported the pair throughout the week.  A break of trend line resistance could expose the pair for a test of the 1.0630 level.  Heading into the open Monday any bounce of trend line resistance could lead to a retest of 1.0420 level.

Sup         1.0420

Res         1.0630

Keane Insight:   Watching for a bounce of resistance into trading Monday

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

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