AUDUSD U Turn Wednesday

The AUDUSD day was split in two.  In Asian and European trading the pair looked set to break below trend line support.  The only thing seen holding the pair up was confirmation of a wait and see attitude from the FOMC.  After the release of the surprising FOMC minutes the cross steadily moved higher to test recent highs.  All in all, not much has really changed, the pair is still sitting in the same range as Tuesday.  Support is still in the 1.0435/25 support zone and resistance is still around 1.0530.  If today's highs hold the pair also created another lower high.

Sup   1.0435/25

Res    1.0530

Keane Plan...Watching the price action around 1.05.  Without a follow through the pair could retrace.

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