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Alert - 16:50 (CET) - AudUsd
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The AudUsd is trading at 0.6756, ranging from 0.6544 to 0.6778. The current price is over yesterday's close at 0.6656. 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) and 0.6000 (key).
The aussie is advancing 1.05% against the greenback this session, as there is a slight appetite for high yielders. Given the weak situation of the US labor market, the market is speculating that the Fed will cut interest rates in December to stimulate the economy.
Checking the daily charts, we see that the current price is over the 61.80% (0.6728) aand under the 50.00% (0.7327). Fibonacci Retracement lines. The Relative Strenght Index (RSI) is at 53 points, rebounding from the oversold area. The volatility per hour could reach 135 pips.
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