The Australian Dollar was lower Monday against the US dollar, reversing the most recent record setting uptrend. The Aussie was trading at 1.502, down 0.60% at the time of this writing. Will the Aussie continue the overall uptrend or will we now see a reversal? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie gradually fell throughout the session dropping sharply in the last hour and reaching its low of the day. From a technical point, the Aussie has strong upside momentum yet is in a reactive correction. The current correction will be important in determining the future direction of the currency. Current range: 1.0504 – 1.0581 Further levels: Below: 1.0497, 1.0505, 1.0511 Above: 1.0525, 1.0533, 1.0539 AUD / USD likely to find support at 1.0329, and resistance at today’s high of 1.0583.  AUD/USD Fundamentals 02:30  Australia     NAB Business Confidence     Prev. 14 11:15  US     FOMC Member Dudley Speaks 13:30  US     Trade Balance    Exp. -44.1B Prev. -46.3B   13:30  US     Import Prices m/m    Exp. 2.1% Prev. 1.4% 15:00  US     IBD/TIPP Economic Optimism    Exp. 45.7 Prev. 43.0   19:00  US     Federal Budget Balance    Exp. -157.5B Prev. -222.5B   19:45  US     FOMC Member Tarullo Speaks       19:50  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 New Zealand reported today a strong Business Confidence metric in April, in the wake of an improved economic evaluation. Japan experienced another 6.3 magnitude earthquake in the Northeastern area of the country, triggering renewed fears of the status of its stricken nuclear power plants and the already huge amount of devastation. Currensee Community: 78% are short, 22% are long. 279 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 USD/JPY Corrective Retracement Gregor Horvat 11 years The Australian Dollar was lower Monday against the US dollar, reversing the most recent record setting uptrend. The Aussie was trading at 1.502, down 0.60% at the time of this writing. Will the Aussie continue the overall uptrend or will we now see a reversal? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie gradually fell throughout the session dropping sharply in the last hour and reaching its low of the day. From a technical point, the Aussie has strong upside momentum yet is in a reactive correction. The current correction will 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.
