AUDUSD TESTIING THE 50 FIB

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.

Sup   1.0330/25

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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