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Alert - 14:25 (CET) - AudUsd
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The AudUsd is trading at 0.6568, ranging from 0.6510 to 0.6696. The current price is under yesterday's close at 0.6661. 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 at 0.6339 (October 29th low) and 0.6000 (key).
We're on countdown for the Wall Street session and the futures indexes suggest a negative opening. There is also a lower appetite for high yielders. The US technological sector is being threatened by the global downturn and forced to cut down on the payrolls. This way, the investors are seeking refuge in safe haven currencies like the Yen or the Dollar, justifying the Aussie decline.
Checking the daily charts, we see that the current price is under the 61.80% (0.6728) and over the 100.00% (0.6728). Fibonacci Retracement lines. The Relative Strenght Index (RSI) is at 52 points, rebounding from the overbought area. The volatility per hour could reach 225 pips.
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