AUDUSD Where to Now

12 Sep
2012

The AUDUSD is in a range ahead of the FOMC.  The top of the range is at 1.05 and support begins at 1.0435 followed by 1.04.  depending on the results of the FOMC meeting the cross will most likely test at least one side of the current parameters.  A break below exposes 1.0280 and a push higher open the 1.0630 level once again.

Sup   1.04

Res  1.05

Keane Plan....Watching the range....and playing the breaks.

 

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