The AUDUSD has moved up to test the 50 fib at 1.0386 from the September 14 decline. A hold or break of this level could dictate the price action heading into the end of the week. A break above this level opens the pair up to a test of the .618 fib level at 1.0440 followed by daily price resistance at 1.0520. A hold of this level could lead to a move back lower towards support at 1.0325.
Pivot 50 Fib at 1.0386
Res 1.0440 (.618 fib) 1.0520
Keane Plan…Watching the PX after China Data dump around 50 Fib at 1.0386
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