AUDUSD Rolling at the Trend Line

The AUDUSD has retraced to the descending trend line at 1.0560 to end the day in New York Friday.  It will pivotal to see how the pair reacts at this level.  A push back below favors a retrace towards the 1.0430.  If the pair bounced and remains above this level a test of 1.0630 could play out.

Sup   1.0530             1.0435

Res    1.0630

Keane Plan...Watching the price action around the descending trend line

 

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