AUDUSD Consolidating Around Mid Range

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.

Sup     1.0320

Res      1.0435

Keane Plan.  Expecting range bound trading.  Watching the daily lows.

 

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