The AUDUSD has been picking and poking at the top of its channel for the majority of the week.  On Tuesday the pair decided to back off  a bit a give the channel a bit of breathing room.  Until Thursday the economic docket is empty for this pair.  Which could lead to a bit of range bound trading.  Support begins at the ascending trend line at 1.0510.  A break below this level exposes the pair to move lower towards 1.0425.  Channel resistance rest around the 1.06 level.

 

Sup   1.0510                    1.0420

Res   1.06

 

Keane Insight.  Looking for a test of trend line support around 1.0510.

 

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

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