The AUDUSD managed to gather the steam needed to make another run at the 50 fib at 1.0386 in European trading Thursday. The question now is if the pair has any coal left in reserve to push above the 1.04 level. The economic docket is empty for the AUD until next week. So any push above the 1.04 level would most likely be sparked by a general risk on mood in the markets. Support now begins at 1.03 closely followed by the ascending trend line at 1.0260.
Sup 1.03 1.0260
Res 1.04 1.0470
Keane Plan...A break of the day lows o a push above 1.04 could present opportunities.
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