The AUDUSD continued its accent on Thursday following the FOMC minutes. The cross has gained nearly four hundred pips over the last six trading days. The pair is now up against considerable resistance at the descending trend line that has contained the price action since last February. A break or hold of this level will dictate the price action over the coming weeks. A break of this level open the pair up to a test of yearly highs towards 1.0850. A bounce at this level exposes the 1.0430 level on a pullback.
Res 1.0630 1.0850
Keane Plan...Watching price action at the decending trend line. A pullback could be in the cards.
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