Similar to the rest of the majors the AUDUSD consolidated in a very narrow range Monday. The pair is still below the ascending trend line that represented the bottom of the channel the cross road higher. A break of the daily lows 1.0370 could lead to a push towards 1.0320. Resistance rest at the top of the trend line near 1.0435. In Asian trading AUD New Home Sales and CNY leading indicators are due. A disappointing homes number could weigh on the pair.
Keane Plan. Expecting range bound trading. Watching the daily lows.
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