Back to the Forex Alerts day's list
Alert - 14:15 CET) - Aussie waiting for the intrest rate decision from the RBA
|
The Australian Dollar is in countdown for the interest rate decision tonight at 4:30 CET. It is expected that the RBA will cut rates by 50bp. This way the rates will be down to 5.5% from 6%, and the Aussie market will concentrate on the words, after the announcement, from Governor Glenn Stevens.
The AudUsd is trading at 0.6704, ranging from 0.6674 to 0.6862. The current price is over yesterday's close at 0.6674. 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). The supports are at 0.6618 (October 30th low), 0.6339 (October 29th low), 0.6000 (key) and 0.5591 (December 31st, 2002 low).
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 45 points, rebounding from the overbought area. The volatility per hour could reach 260 pips.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|