The Aussie closed the week higher against the US Dollar Friday, following higher Australian commodity prices. It closed the week at 1.0149, up 1.6% for the week by the end of trading. What direction is the Australian Dollar headed in? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie continued to rally against the US Dollar closing the week at its highest point in over a week. Current range: 1.0089- 1.0158 Further levels: Below: 1.0132, 1.0135, 1.0141 Above: 1.0150, 1.0153, 1.0159 AUD / USD likely to find support at 1.0015, and resistance at 1.0189. AUD/USD Fundamentals All Day – US – President’s Day Holiday 21:00 – New Zealand – Inflation Expectations q/q * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Higher Australian commodity prices fueled by greater demand from China helped the Australian Dollar gain in the currency markets. The RBA (Reserve Bank of Australia) maintains that global commodity prices are likely to remain high but stable, however the Bank warned that it does not rule out tighter monetary policy as a weapon against rising inflation. Currensee Community: 93% are short, 7% are long. 416 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 Outlooks share Read Next Forex Daily Outlook – February 21 2011 Anat Dror 12 years The Aussie closed the week higher against the US Dollar Friday, following higher Australian commodity prices. It closed the week at 1.0149, up 1.6% for the week by the end of trading. What direction is the Australian Dollar headed in? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie continued to rally against the US Dollar closing the week at its highest point in over a week. Current range: 1.0089- 1.0158 Further levels: Below: 1.0132, 1.0135, 1.0141 Above: 1.0150, 1.0153, 1.0159 AUD / USD likely to find support at 1.0015, and resistance at… 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.