The AUDUSD continued its battle of the fibs to start the week.  The pair tested the .618 fib at 1.0340 once again before pushing back towards the 50 fib at 1.0395 to start the week. Until the pair can break from the grasp of the fib range between .10448 (.382 Fib) and 1.0340 (.618 Fib) playing the fibs is the only way to go.  The AUD Reserve Rate Decision is due at 4:30 GMT Tuesday.  The RBA is expected to keep rates unchaged at 3.5% but watch for dovish commentary following the release.  This could be the catalyst to push the pair out of its current range.  A break to the downside could target 1.0280 and a push higher opens a path towards 1.0520.

Sup      1.0340                    1.0280

Res      1.0450                     1.0520

Keane Plan...Waiting for the commentary following the RBA Rate Decision.

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