AUDUSD FINDS SUPPORT
05
Sep
2012
2012
It is interesting to see that the AUDUSD did not follow the lead of the EURUSD and continued its slow grind lower today. The pair has managed to find a bit of support at 1.0175. A break below this level exposes 1.01 followed by parity. The AUD will once again be in the news early Thursday with the release of the AUD Employment report. Expectations are for an increase of 5k jobs and an employment rate around 5.3%. A better than expected number could open the door up to a move towards 1.0280 followed by 1.0320.
Sup 1.0175 1.01
Res 1.0280 1.0320
Keane Plan....Looking for a break or hold of 1.0175
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