The Australian Dollar traded higher Wednesday against the US dollar, following a US report on lower than expected US retail sales. The Aussie was trading at 1.0509, up 0.70% 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 slightly up and then sideways for the first half of the session. The Aussie then climbed to a high of 1.0528 before gradually falling to 1.0482 and then consolidating to its present level. Current range: 1.0429 – 1.0539 Further levels: Below: 1.0469, 1.0477, 1.0484 Above: 1.0499, 1.0507, 1.0514 AUD / USD likely to find support at 1.0391, and resistance at today’s high of 1.0583. AUD/USD Fundamentals 02:00 Australia MI Inflation Expectations Prev. 3.6% 02:30 Australia New Motor Vehicle Sales m/m Prev. 0.2% 13:30 US PPI m/m Exp. 1.1% Prev. 1.6% 13:30 US Unemployment Claims Exp. 379K Prev. 382K 13:30 US Core PPI m/m Exp. 0.2% Prev. 0.2% 14:00 US FOMC Member Duke Speaks 14:20 US FOMC Member Kocherlakota Speaks All Day ALL G7 Meetings 15:30 US Natural Gas Storage Exp. 34B Prev. -45B 17:30 US FOMC Member Plosser Speaks 18:15 US FOMC Member Tarullo Speaks * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Japan upgraded the level of its Nuclear crisis at the stricken Fukushima Power Plant to a level 7, the highest international nuclear crisis level and the same level as the 1986 Chernobyl nuclear disaster. The US reported today that retail sales figures rose less than expected in March. The Aussie was higher today on the back of increased demand following signs of an improving global economic growth outlook, especially in light of the Japanese earthquake disaster, continuing unrest in the Middle East and the surging price of oil. Currensee Community: 76% are short, 24% are long. 257 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 14 2010 Anat Dror 12 years The Australian Dollar traded higher Wednesday against the US dollar, following a US report on lower than expected US retail sales. The Aussie was trading at 1.0509, up 0.70% 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 slightly up and then sideways for the first half of the session. The Aussie then climbed to a high of 1.0528 before gradually falling to 1.0482 and then consolidating to its present level. Current range: 1.0429 - 1.0539 Further levels: Below: 1.0469, 1.0477, 1.0484 Above: 1.0499, 1.0507, 1.0514… 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.
