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Alert - 13:25 (CET) - EurAud
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The EurAud is trading at 1.8628, ranging from 1.8598 to 1.9051. The current price is under yesterday's close at 1.8692. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The supports are at 1.8499 (October 7th low), 1.7443 (key) and 1.6206 (July 16th low). The resistances are being watched, just in case, at 1.9582 (October 30th high), 2.0000 (key) and 2.0825 (2008 high).
Observing the daily charts, the traders are keeping an eye to what happens to the second level of support at 1.7443. Before the current price, the pair tried to break it twice. Once broken, it got a one way ticket to the 2008 high at 2.0825.
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 39 points, rebounding from the oversold area. The volatility per hour could reach 400 pips. Going with the daily graphics, we see that the current price is under the 38.20% (1.8790) and over the 50.00% (1.8071) Fibonacci retracement lines.
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