The Aussie continued its rally against the US Dollar Monday, continuing on the back of an improved economic growth outlook for Australia. The Aussie closed the week at 1.0144 up 0.10%. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Monday, continuing its rally against the US Dollar. The Aussie briefly fell during the session following lower than expected retail sales data but then quickly recovered. The longer the rally continues the stronger the bearish indicators get. Current range: 1.0112 – 1.0201 Further levels: Below: 1.0111, 1.0124, 1.0133 Above: 1.0155, 1.0168, 1.0177 AUD / USD likely to find support at Wednesday’s low of 1.0056, and resistance at 1.0223.  AUD/USD Fundamentals 00:30 – Australia – NAB Quarterly Business Confidence 15:00 – US – IBD/TIPP Economic Optimism          Exp. 52.8 18:00 – US – FOMC Member Fisher Speaks * All times are GMT. For the major events due later in the week, see the  AUD/USD forecast. AUD/USD Sentiment Australian retail sales were disappointing for the month of December yielding lower than expected results.  Currensee Community: 94% are short,6% are long. 426 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 8 2011 Anat Dror 11 years The Aussie continued its rally against the US Dollar Monday, continuing on the back of an improved economic growth outlook for Australia. The Aussie closed the week at 1.0144 up 0.10%. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Monday, continuing its rally against the US Dollar. The Aussie briefly fell during the session following lower than expected retail sales data but then quickly recovered. The longer the rally continues the stronger the bearish indicators get. Current range: 1.0112 - 1.0201 Further levels: Below: 1.0111, 1.0124, 1.0133 Above: 1.0155, 1.0168, 1.0177… 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.
