AUDUSD Taking on the Monthly Pivot

The AUDUSD continued its decline lower on Thursday.  The pair moved down to touch its monthly pivot and has since slowly drifted higher.  Heading into the end of the week it will all be about a hold or break of the 1.03 level.  A break favors a continued push lower towards the 1.0250 level.  It would take a break of the 50 fib at 1.0386 to negate the negative pressure on the pair.

Sup          1.03                     1.0250

Res          1.0330                 1.0386 ( 50 Fib)

Keane Plan....Favoring a continued move lower as long as the pair remains below 1.0386.

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