The AUDUSD started the day looking as though it was going to break below trend line and daily price resistance at 1.0435. The pair could not manage to pull together the energy to break lower and quickly bounced back towards the middle of its congestion zone. The cross is now once again resting in the chop zone between 1.0485 and 1.0435. It will take a clear break above or below this area to kick-start this pair. A break to the bottom exposes daily support at 1.0350 and a push above the zone find resistance relatively quickly at 1.0520.
Res 1.0520 Trend Line 1.0550
Keane Plan...Waiting for a break above or below the chop zone.
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