The Australian Dollar was higher again Thursday against the US dollar, further setting a new high. The Aussie was trading at 1.0344, up 0.15% at the time of this writing. Is the Aussie reaching its top? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded sideways for a short while after the opening of the session before falling to the day’s low of 1.0326. The Aussie then climbed to 1.0372 by the third quarter of the session before consolidating to its current level. From a technical point, the Aussie appears to be overbought and we can expect a correction on some negative news. Current range: 1.0309 – 1.0373 Further levels: Below: 1.0342, 1.0348, 1.0356 Above: 1.0370, 1.0376, 1.0384 AUD / USD likely to find support at 1.0205, and resistance at today’s high of 1.0373. AUD/USD Fundamentals 06:30 Australia Commodity Prices y/y Prev. 47.8% 13:15 US FOMC Member Plosser Speaks 13:30 US Non-Farm Employment Change Exp. 191K Prev. 192K 13:30 US Unemployment Rate Exp. 8.9% Prev. 8.9% 13:30 US Average Hourly Earnings m/m Exp. 0.2% Prev. 0.0% 14:00 US FOMC Member Dudley Speaks 15:00 US ISM Manufacturing PMI Exp. 61.1 Prev. 61.4 15:00 US Construction Spending m/m Exp. -0.1% Prev. -0.7% 15:00 US ISM Manufacturing Prices Exp. 83.1 Prev. 82.0 All Day US Total Vehicle Sales * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment There is a fair amount of Bullish sentiment on the Aussie, based on that the Aussie is fueled by higher commodity prices, leading the RBA to continue tightening monetary policy and attracting foreign investment in the Aussie. From a risk perspective on the Aussie, the currency is currently trading at an all time high, and any negative news could potentially reverse the trend. The US reported mixed economic data today. While factory orders dropped unexpectedly in the month of February, first time unemployment claims dropped, although less than expected. A tremendous amount of uncertainty still lies around the true extent of the Japanese tsunami and its local and global economic impacts. Furthermore, the ongoing nuclear crisis in Japan is also a cause of uncertainty and fear. Currensee Community: 87% are short, 13% are long. 321 open positions in real accounts trading this pair at the moment. The community is expecting lower levels of the pair ahead. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily Outlooks share Read Next Forex Daily Outlook – April 1 2011 Anat Dror 12 years The Australian Dollar was higher again Thursday against the US dollar, further setting a new high. The Aussie was trading at 1.0344, up 0.15% at the time of this writing. Is the Aussie reaching its top? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded sideways for a short while after the opening of the session before falling to the day's low of 1.0326. The Aussie then climbed to 1.0372 by the third quarter of the session before consolidating to its current level. From a technical point, the Aussie appears to be… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.