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Alert - 16:00 (CET) - AudUsd
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The Aussie managed to rebound from its intraday lows at 0.6426, after the renewed appetite for high yielders during the Wall Street session opening. After the consumer prices in the US had its biggest decline in History, the AudUsd market speculates that the Fed will cut rates in December to stimulate the economy.
The AudUsd is trading at 0.6538, ranging from 0.6426 to 0.6595. The current price is over yesterday's close at 0.6426. 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 0.6696 (November 14th high), 0.7000 (key) and 0.7239 (October 14th high). The supports are being watched at 0.6339 (October 29th low), 0.6000 (key) and 0.5800.
Checking the daily charts, we see that the current price is under the 61.80% (0.7325) and over the 100.00% (0.4796). Fibonacci Retracement lines. The Relative Strenght Index (RSI) is at 57 points, rebounding from the overbought area. The volatility per hour could reach 150 pips.
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