After Mondays drop the AUDUSD consolidated in a range for the majority of the week. The top of the range is at 1.05 and the bottom is firmly at 1.0365. Heading into the new week it will once again be all about Friday's range. Despite falling in New York on Friday the cross managed to remain above the daily low. A hold or break of this level will be key. A break below the low a round 1.0450 exposes the pair to a push lower towards 1.0365. A hold of this level could lead to another test of resistance at 1.0520. If this level is broken a run up towards 1.0630 could be in the cards.
Sup 1.0450 1.0365
Res 1.0520 1.0630
Keane Plan....Watching Fridays range. Between 1.0520 and 1.0450. Looking for a break.
To Access Yen Talk, Currency Watch Videos, Current Trade Setups and Current KEANE Trades Via Private Twitter Feed Click HERE
For a Free 1-week trial click HERE