The Aussie continued its rise against the US Dollar Tuesday with the Greenback lower against other currencies due to continuing concerns over the violent unrest in Egypt. The Aussie was trading at 1.0124 up 1.66%, 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 has been trading higher Tuesday against the US Dollar due to increased investor trading in other currencies following continuing concerns over Egyptian unrest. Current range: 0.9968 – 1.0149 Further levels: Below: 1.0096, 1.0111, 1.0118 Above: 1.0140, 1.0155, 1.0162 AUD / USD likely to find support at Thursday’s low of 0.9867, and resistance at 1.0149. AUD/USD Fundamentals Tentative – Australia – HIA New Home Sales m/m 12:30 – US – Challenger Job Cuts y/y 13:15 – US – ADP Non-Farm Employment Change Exp. 148K 15:30 – US – Crude Oil Inventories Exp. 2.4M 22:30 – Australia – AIG Services Index 22:30 – US – FOMC Member Duke Speaks * 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) left the cash rate unchanged at 4.75%, as expected. The Reserve Bank of Australia (RBA) is optimistic about the Australian economy and expects inflation to remain in-line with expectations of 2-3%. US data on construction spending lags behind other improving US economic data, having fallen 2.5% in December to its lowest level since July 2000. Currensee Community: 95% are short, 5% are long. 415 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 2 2011 Anat Dror 12 years The Aussie continued its rise against the US Dollar Tuesday with the Greenback lower against other currencies due to continuing concerns over the violent unrest in Egypt. The Aussie was trading at 1.0124 up 1.66%, 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 has been trading higher Tuesday against the US Dollar due to increased investor trading in other currencies following continuing concerns over Egyptian unrest. Current range: 0.9968 - 1.0149 Further levels: Below: 1.0096, 1.0111, 1.0118 Above: 1.0140, 1.0155, 1.0162… 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.