AUDUSD Testing the 50 Fib
25
Sep
2012
2012
The AUDUSD played a game of fibs on Friday. The pair quickly reversed its path in New York trading after touching the 50 fib from it's most recent decline. The cross continued to decline until the pair challenged the 50 Fib from the September early climb at 1.0394. A hold or break at this level will be interesting. A break exposes the pair to a measured move lower targeting 1.0285.
Sup 1.0394 ( 50 Fib) 1.0280
Res 1.0450
Keane Plan...Watching price action near the 50 fib at 1.0394....Bull/Bear Line.
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