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The Australian Dollar traded higher Thursday against the US dollar, following a US report of higher than expected US jobless claims.
The Aussie was trading at 1.0541, up 0.32% at the time of this writing.
Where is the Aussie headed?

Here’s a quick update on technicals, fundamentals and community trends.

AUD/USD Technicals

  • Previous sessions: The Aussie traded lower in the first part of the session reaching a low of 1.0474. By late morning the Aussie reversed and climbed higher throughout the session reaching 1.0547 before pulling back slightly to its current level.
  •  Current range: 1.0458 – 1.0549
  • Further levels: Below: 1.0506, 1.0518, 1.0524 Above: 1.0542, 1.0554, 1.0560
  • AUD / USD likely to find support at 1.0391, and resistance at today’s high of 1.0583.

AUD/USD Fundamentals

  • 13:30   US         Core CPI m/m       Exp. 0.2% Prev. 0.2%    
  • 13:30   US         CPI m/m       Exp. 0.5% Prev. 0.5%    
  • 13:30   US         Empire State Manufacturing Index       Exp. 17.1 Prev. 17.5    
  • 14:00   US         TIC Long-Term Purchases       Exp. 59.4B Prev. 51.5B    
  • 14:15   US         Capacity Utilization Rate       Exp. 77.5% Prev. 77.0%    
  • 14:15   US         Industrial Production m/m       Exp. 0.5% Prev. 0.0%    
  • 14:55   US         Prelim UoM Consumer Sentiment       Exp. 68.7 Prev. 67.5    
  • 14:55   US         Prelim UoM Inflation Expectations         4.6%    
  • All Day   ALL         G20 Meetings            
  • 16:15   US         FOMC Member Evans Speaks

* All times are GMT.

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

AUD/USD Sentiment

  • The US reported today that jobless claims were higher than expected last week. In a spate report, the US reported lower than expected PPI (Producer Price Inflation) for March.

Currensee Community: 80% are short, 20% are long. 297 open positions in real accounts trading this pair at the moment. The community is expecting lower levels of the pair ahead.

Expert score

5

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