AUDUSD Breaks Above the 1.0360 Pivot
2012
The AUDUSD broke higher in NEw York trading on Monday. The pair managed to squeeze above daily price support at 1.0360. In the short-term resistance begins at .04 followed by 1.0450. A hold above 1.04 favors a move higher. AUD Reserve Bank Board minutes are due at 7:30 ET. This could be the catalyst to push the pair higher.
Sup 1.0360 1.03
Res 1.0460
Keane Plan...A hold above 1.04 favors a continued move higher.
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