The AUDUSD is walking a straight line around the 1.05 level.  A little too much here or not enough there could push the pair over the edge.  The cross pushed below 1.05 brifly in New York Tuesday but could not gain momentum for a push lower.  Support for the pair rest between the 1.05 level and the ascending trend line around 1.0480.  A confirmed break of that level could lead to a push towards 1.0430.  Resistance still rest around the 1.06 level followed by 1.0630.

Sup    1.05/ 1.0470

Res     1.06     1.0630

Keane Plan:  Watching price action around 1.05 for a hint towards direction.

For more details regarding current trades and trading plans Check here  .

The first seven days are free.