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Alert - 17:05 (CET) - AudUsd
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The Aussie gained some ground against the greenback, hitting the intraday high at 0.6617, after the Fed announcement of the new rescue plano for the credit sector, worth 800 billion dollars.
However, when the US session started, at 15:30 (CET), the aussie started to profit take, as the US stocks retraced. This way, the AudUsd is trading at 0.6461, ranging from 0.6333 to 0.6617. The current price is under yesterday's close at 0.6541. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under 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). As the pair is rebounding from last week's low at 0.6077, 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 55 points, rebounding from the overbought area. The volatility per hour could reach 210 pips.
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