Consolidation was the name of the game in the AUDUSD on Monday.  The pair moved within a 40 pip range.  Until this cross breaks below the 1.03 level or above the 5o Fib at 1.0386 I will remain sidelines.  A break below the 1.03 level could open the pair up to another move down towards the recent lows between 1.0150/0175.    A break of the 50 fib targets a run at daily price support at 1.0520.

Sup   1.03

Res   1.0386/1.04

Keane Plan...Waiting for a break of the 50 Fib at 1.0386 or sup at 1.03

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