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Alert - 16:45 (CET) - Dollar ends month with 18% advance against the Aussie
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The AudUsd is trading at 0.6550, ranging from 0.6550 to 0.6825. The current price is under yesterday's close at 0.6823. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The traders are watching the resistances at 0.7064 (October 20th high), 0.7239 (October 14th high) and 0.7817 (October 3rd high). As the supports at 0.6618 (October 30th low) was broken, the traders are watching the next levels at 0.6339 (October 29th low), 0.6000 (key) and 0.5591 (December 31st, 2002 low).
Ending the month, the greenback managed to get an 18% advance on the Aussie, helped by the flight to safety that the investors were forced to make, given the stock uncertainties.
Checking the daily charts, we see that the current price is under the 61.80% (0.6728) aand over the 100.00% (0.4796). Fibonacci Retracement lines. The Relative Strenght Index (RSI) is at 42 points, rebounding from the overbought area. The volatility per hour could reach 270 pips.
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