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AUD/USD made its way up in the high range, but then dropped sharply. Will we continue seeing this high range? Here’s a quick update on technicals, fundamentals and community trends.

aud to usd december 29

AUD to USD in high range

AUD/USD Technicals

  • Previous sessions:  AUD/USD gradually climbed, but then bounced well before resistance.
  • Current Range:  1.0080 to 1.0180.
  • Further levels in both directions: Below  1.0080, 1, 0.9915, 0.9840, 0.9725, 0.9660, 0.9540, 0.9460, 0.9366. Above    1.0180, 1.0220, 1.03.
  • AUD USD Parity now strong and even far support.
  • Multi-year high of 1.0180 serves as strong resistance.

AUD/USD Fundamentals

No events today, but the calendar becomes busier on Thursday.

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

AUD/USD Sentiment

  • The Chinese rate hike had an immediate and negative impact on the Aussie at the beginning of the week, but then faded away.
  • Fears of a housing bubble in Australia also made way for some hope.
  • No bad news from Europe in this holiday week, help push the Aussie higher on risk appetite.
  • Currensee Community: 92% are short, 8% are long. 360 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.