The Australian Dollar rallied against the US dollar Wednesday, setting a new high of 1.0692. The Aussie was trading at 1.0670, up 1.37% at the time of this writing. Has the Aussie reached its top against the Greenback? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded sharply Wednesday, rising sharply to a 1.0686 early in the session and then backing off to its opening price. The Aussie then jumped sharply to its daily high of 1.0692 by the middle of the session, before backing down to a low of 1.0650 and finally consolidating to its current level. Current range: 1.0534 – 1.0692 Further levels: Below: 1.0652, 1.0657, 1.0664 Above: 1.0676, 1.0681, 1.0692 AUD / USD likely to find support at 1.0443, and resistance at today’s high of 1.0692. AUD/USD Fundamentals 08:30 US Unemployment Claims Exp. 394K Prev. 412K 10:00 US Philly Fed Manufacturing Index Exp. 37.1 Prev. 43.4 10:00 US CB Leading Index m/m Exp. 0.3% Prev. 0.8% 10:00 US OFHEO HPI m/m Exp. 0.2% Prev. -0.3% 10:30 US Natural Gas Storage Exp. 53B Prev. 28B All Day Australia Bank Holiday * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Australia reported today that prices of exported goods rose faster than prices of imported goods in the first quarter. This has generated expectations of a rate increase by the Australian Central Bank. The Aussie hit a new high today against the Greenback on the back of strong investor sentiment and a desire for higher yielding investments coupled with positive investor sentiment of the Australian economy. With the rate at 4.75% the Aussie is a favorable investment currency. Currensee Community: 68% are short, 32% are long. 289 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 21 2010 Anat Dror 12 years The Australian Dollar rallied against the US dollar Wednesday, setting a new high of 1.0692. The Aussie was trading at 1.0670, up 1.37% at the time of this writing. Has the Aussie reached its top against the Greenback? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded sharply Wednesday, rising sharply to a 1.0686 early in the session and then backing off to its opening price. The Aussie then jumped sharply to its daily high of 1.0692 by the middle of the session, before backing down to a low of 1.0650 and… 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.
