The AUDUSD seems to be stuck in a game of tug a war between two trend lines. The trend line that is creating resistance dates back to July of 2011 and is currently resting right 1.6050. Support is being garnered by the descending trend line that acted as resistance last week but is now support at 1.0420. The pair bounced at trend line support on Tuesday in New York . Until the cross gathers enough firepower to break out of this range playing the middle could be the plan.
Keane Plan. Playing the range until it breaks.
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