AUD/USD Apr.08-Aussie Again Slightly Up Against US Dollar

The Australian Dollar was slightly higher Thursday against the US dollar, following an interest hike by the ECB.
The Aussie was trading at 1.0447, up 0.06% at the time of this writing.
Here’s a quick update on technicals, fundamentals and community trends.

AUD/USD Technicals

• Previous sessions: The Aussie traded sideways at the start of the session before sharply rising to 1.0480 and then trading gradually higher to the daily high of 1.0508 by the second half of the session. The Aussie then dropped sharply to its low of the day before consolidating to its current level.
•  Current range: 1.0412 – 1.0508
• Further levels: Below: 1.0389, 1.0410, 1.0420 Above: 1.0451, 1.0472, 1.0482
• AUD / USD likely to find support at today’s low of 1.0289, and resistance at today’s high of 1.0508.

AUD/USD Fundamentals

• 15:00   US       Wholesale Inventories m/m       Exp. 1.1% Prev. 1.1%    
• 15:15   US       FOMC Member Fisher Speaks

* All times are GMT.

For the major events due later in the week, see the  AUD/USD forecast.

AUD/USD Sentiment

• The ECB (European Central Bank) raised interest rates today for the first tim e in 3 years.
• The US reported today that jobless claims fell last week, the lowest since the last week of February.

Currensee Community: 67% are short, 33% are long. 291 open positions in real accounts trading this pair at the moment. The community is expecting lower levels of the pair ahead.