07 Sep


The AUDUSD like rubber man can bounce back from any situation.  The pair drifted lower for the majority of the week only to catch a bid to finish near its highs.  The cross bounced nearly 225 pips after briefly consolidating around support at 1.0175.  Heading into the new week a pullback would be healthy.  The cross has a tough batch of resistance just above in the 1.0398/0410 region.  Comprised by the .618 fib from the recent decline at 1.0398 and daily price resistance at 1.0410.  Support begins at past resistance at 1.0280.

Sup     1.0280

Res      1.0410

Keane Plan...Could consolidate below resistance between 1.0410/1.398

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