AUDUSD Pays Respect to the 50 Fib

It was an interesting week for this pair.  The cross broke out of the trading range that had contained it for the last week or so to test the 50 Fib from September's decline at 1.0386.  Only to fall back in Friday trading.  At the close of European trading on Friday the EURUSD is resting on the past resistance zone turned support between 1.0325/00.  A break of this level heading into the end of the week or at the beginning of next week could open up the monthly lows between 1.0175/50 for a possible retest in the week ahead. 

Sup   1.0325/00

Res   1.0385/04

Keane Plan....Watching price action at and around the support zone between 1.0325/00 for a break or hold.

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