The AUDUSD has pushed around in a narrow 40 pip range so far this week. Without any follow thru it is difficult at best to trade this pair at the moment. The cross continues to respect the ascending trend line from the move higher starting last October. To spark a bit of price action the cross is going to need to break out of it current range. The top of the range is at 1.0440/80 and the bottom is marked by the 50 fib at 1.0386. A break to the downside could open the pair up to a run towards 1.0250.
Sup 1.0386 ( 50 Fib)
Keane Plan...Consolidation is the game...Looking for a break of the range before chasing.
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