The Australian Dollar was lower again Tuesday against the US Dollar on the back of continued concern of Middle East unrest and stronger US Consumer Confidence. The Aussie was trading at 0.9976 down 1.05% at the time of this writing. How will the Middle East unrest affect the Aussie? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie was down again Tuesday against the US Dollar Current range: 0.9973 – 1.0086 Further levels: Below: 0.9958, 0.9969, 0.9976 Above: 0.9994, 1.0005, 1.0012 AUD / USD likely to find support at today’s low of 0.9976, and resistance at 1.0157. AUD/USD Fundamentals 10:00 US Existing Home Sales Exp. 5.27M 13:30 US FOMC Member Plosser Speaks 18:00 Australia CB Leading Index m/m 19:30 Australia Private Capital Expenditure q/q Exp. 2.2% * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment While there is inherent uncertainty in the Aussie from a technical standpoint, there is also continued sentimental uncertainty following the spread of unrest in the Middle East to additional nations, and the uncertain fallout that this will have on the region in particular and the global economy as a whole. An earthquake hits New Zealand Canterbury area on a magnitude of 6.3. The US reported better than expected Consumer Confidence figures for February by 5.5 points. This marks the highest consumer confidence level in the last three years. This is an indication of confidence in the recovery of the US economy. Currensee Community: 93% are short, 7% are long. 397 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 23 2011 Anat Dror 12 years The Australian Dollar was lower again Tuesday against the US Dollar on the back of continued concern of Middle East unrest and stronger US Consumer Confidence. The Aussie was trading at 0.9976 down 1.05% at the time of this writing. How will the Middle East unrest affect the Aussie? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie was down again Tuesday against the US Dollar Current range: 0.9973 - 1.0086 Further levels: Below: 0.9958, 0.9969, 0.9976 Above: 0.9994, 1.0005, 1.0012 AUD / USD likely to find support at today's low of 0.9976,… 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.