The AUDUSD managed to break out of the ridiculously tight range between 1.0485 and 1.0460 in New York trading. The pair now has support at 1.0435. It will take a break of this level to open the cross up for a move down towards 1.04/1.0350 area. Resistance is still just above at 1.0485. Above that level resistance is scattered.
The AUDUSD employment report is due in early Asian Trading 00:30 GMT. Expectations are for a zero reading and for the employment rate to settle at 3.5%.
Sup 1.0435 1.04 1.0350
Keane Plan...Need to see a solid break of the chop zone before entering.
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