The Aussie was up against the US Dollar Monday with the Greenback lower against other currencies due to easing concerns over the violent unrest in Egypt and speculation over an increase in near term European interest rates. The Aussie was trading at 0.9959 up 0.26%, as of this writing. Is the Egyptian unrest cause for genuine concern? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Monday against the US Dollar due to increased investor speculation in the European currencies following heightened concerns over Egyptian unrest and a possible increase in short term European interest rates Current range: 0.9884 – 0.9990 Further levels: Below: 0.9930, 0.9945, 0.9956 Above: 0.9982,0.9997, 1.0008 AUD / USD likely to find support at Thursday’s low of 0.9867, and resistance at 1.0021. AUD/USD Fundamentals 00:30 – Australia – HPI q/q 03:30 – Australia – Cash Rate Exp. 4.75% no change 03:30 – Australia – RBI Rate Statement Exp. no change in monetary policy 05:30 – Australia – Commodity Prices 15:00 – US – ISM Manufacturing PMI Exp 57.8 15:00 – US – Construction Spending m/m Exp. 0.1% 15:00 – US – ISM Manufacturing Prices Exp. 73.6 All Day – US – Total Vehicle Sales Exp 12.8M * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The Reserve Bank of Australia (RBA) is expected to leave its monetary policy unchanged due to the negative economic impact of the Queensland flooding. The Egyptian violent unrest is causing investors to worry about its affect on the global economy and oil prices, as Egypt controls the Suez Canal, a key international trade conduit, particularly for oil. Concerns over the Egyptian unrest have has caused the US Dollar to trade lower against other currencies. Currensee Community: 92% are short, 8% are long. 382 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 OutlooksMinors share Read Next Forex Daily Outlook – February 1 2011 Anat Dror 12 years The Aussie was up against the US Dollar Monday with the Greenback lower against other currencies due to easing concerns over the violent unrest in Egypt and speculation over an increase in near term European interest rates. The Aussie was trading at 0.9959 up 0.26%, as of this writing. Is the Egyptian unrest cause for genuine concern? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Monday against the US Dollar due to increased investor speculation in the European currencies following heightened concerns over Egyptian unrest and a possible increase in short… 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.