Back to the Forex Alerts day's list
Alert - 16:40 (CET) - AudUsd
|
The aussie weakened against the greenback, as we wait for the RBA's interest rate decision at 04:30 (CET). The bad performances of the commodities, as the fears about a deeper recession than expected are mounting, have weakened the currencies that have a strong correlation with these actives.
The AudUsd is trading at 0.6399, ranging from 0.6384 to 0.6544. The current price is under yesterday's close at 0.6553. 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). 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 33 points, near the oversold area. The volatility per hour could reach 200 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.
|