AUD/USD climbed to new highs in the wake of the quantitative easing decision in the US. The Australian dollar just got another reason to rise. Next levels above are in uncharted territory, but can be marked at around 1.02 and 1.03. Below, 0.9915, 0.9850, 0.9750 and the strong 0.9660 lie beneath. More technical levels can be found in the recent AUD/USD outlook. This is an all time high since the currency began to float back in the 80s. The $600 billion dollars announced created initial weakness. The market currently disregards the relatively slow pace of this dollar printing – a pace of only $75 billion per month, less than expected. Here’s is the analysis of QE2. The Australian dollar already enjoyed a rate hike earlier this week. The rate hike sent it to 1.0023, and now this level is broken. AUD/USD is at 1.0030, after already reaching 1.0038. It’s important to state again and again, that the initial reaction to FOMC announcements isn’t necessarily the real move – it could turn around, and it can take many hours. But as the Australian dollar already enjoys a very high interest rate, strong growth at home and strong growth in China, it has better chances of enjoying the ride. Later on, we’ll have employment numbers from New Zealand – a quarterly release that has an impact on the Aussie as well. And then, we have the quarterly report from the Australian central bank – a report that has an important overview of the Australian economy, and always rocks the currency. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Daily Outlook – November 4 2010 Anat Dror 12 years AUD/USD climbed to new highs in the wake of the quantitative easing decision in the US. The Australian dollar just got another reason to rise. Next levels above are in uncharted territory, but can be marked at around 1.02 and 1.03. Below, 0.9915, 0.9850, 0.9750 and the strong 0.9660 lie beneath. More technical levels can be found in the recent AUD/USD outlook. This is an all time high since the currency began to float back in the 80s. The $600 billion dollars announced created initial weakness. The market currently disregards the relatively slow pace of this dollar printing - a… 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.