The Aussie was slightly lower Wednesday against the US Dollar which fell today with the Greenback lower against other currencies due an increase in risk appetite. The Aussie was trading at 1.0068 down 0.50%, as of this writing. How will Yasi affect the Aussie? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded lower Wednesday against the US Dollar. Technical data continues to indicate a bearish future for the Aussie. In addition, the approaching “Yasi” cyclone is expected to keep the Aussie down for the near term. The US Dollar traded lower due to lower fears of Egyptian unrest, strong global manufacturing data and a subsequent increase in appetite for risk. Current range: 0.9968 – 1.0149 Further levels: Below: 1.0044, 1.0053, 1.0058 Above: 1.0072, 1.0081, 1.0086 AUD / USD likely to find support at Thursday’s low of 0.9867, and resistance at 1.0149. AUD/USD Fundamentals 00:30 – Australia – Building Approvals m/m Exp 1.6% 00:30 – Australia – Trade Balance Exp 1.63B 13:30 – US – Unemployment Claims Exp. 420K 13:30 – US – Prelim Nonfarm Productivity q/q Exp. 2.1% 13:30 – US – Prelim Unit Labor Costs q/q Exp. 0.4% 15:00 – US – ISM Non-Manufacturing PMI Exp. 57.2 15:00 – US – Factory Orders m/m Exp.-0.2% 15:30 – US – Natural Gas Storage Exp. -185B 18:00 – US – Fed Chairman Bernanke Speaks * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The Aussie is expected to drop against the US Dollar as “Yasi” a category 4 cyclone approaches the coast of Qeensland. The Aussie rallied against the US dollar yesterday following the Australian Government’s announcement that it does not expect the Queensland flooding to cause dramatic inflation. Furthermore, the Government expects the negative impact of the flooding to be offset by job growth as a result of the flooding reconstruction efforts. Currensee Community: 93% are short, 7% are long. 437 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 Rumor – Obama to Egyptian Army: Down With Mubarak Yohay Elam 12 years The Aussie was slightly lower Wednesday against the US Dollar which fell today with the Greenback lower against other currencies due an increase in risk appetite. The Aussie was trading at 1.0068 down 0.50%, as of this writing. How will Yasi affect the Aussie? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded lower Wednesday against the US Dollar. Technical data continues to indicate a bearish future for the Aussie. In addition, the approaching "Yasi" cyclone is expected to keep the Aussie down for the near term. The US Dollar traded lower due… 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.