AUDUSD Reverses at Trend Line Top
2012
The AUDUSD has it's mind-set on moving higher. The pair broke above range resistance at 1.0485 in New York trading and managed to spike higher to touch the past trend line support now turned resistance at 1.0513. A close above 1.05 would be favorable for a continued advance. Headwinds could slow this pair down. Resistance is scattered just above with yearly Trend Line resistance extending back to July 2011 crossing the pairs path at 1.0535. Followed by daily resistance levels at 1.0550 and 1.0630. A break back below past resistance now turned support at 1.0485 could push momentum lower.
Sup 1.0485
Res 1.0513 1.0535/50 1.0630
Keane Plan....A pullback below 1.0485 could point to a push lower....Most likely Sidelined ahead of NFP.
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