The Australian Dollar was higher Wednesday against the US Dollar after the Greenback was lower against other currencies across the board. The Aussie was trading at 1.0012 up 0.25% 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 traded down today reaching 0.9984 in afternoon trading before rebounding to 1.0012 as of this writing. Current range: 0.9981 – 1.0059 Further levels: Below: 0.9964, 0.9973, 0.9991 Above: 1.0018, 1.0027, 1.0045 AUD / USD likely to find support at Tuesday’s low of 0.9967, and resistance at 1.0157. AUD/USD Fundamentals 08:30 US Core Durable Goods Orders m/m Exp. 0.4% 08:30 US Unemployment Claims Exp. 403K 08:30 US Durable Goods Orders m/m Exp. 2.5% 10:00 US New Home Sales Exp. 330K 10:00 US OFHEO HPI m/m Exp. -0.2% 10:30 US Natural Gas Storage Exp. -73B 11:00 US Crude Oil Inventories Exp. 1.1M * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The current violence in Libya is shaking investor confidence as Libya is an oil exporter. Investors fear the effect that the current events will have on the flow of oil from Libya and its effects on oil prices. The US Dollar was lower today against other currencies today following speculation that interest rates would be raised by the Bank of England and the European Central Bank. The US reported stronger than expected existing home sales figures for the month of January, achieving an 8 month high. This underscores the rising consumer confidence figures we saw earlier this week and the US economy receovery. Currensee Community: 86% are short, 14% 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 24 2011 Anat Dror 12 years The Australian Dollar was higher Wednesday against the US Dollar after the Greenback was lower against other currencies across the board. The Aussie was trading at 1.0012 up 0.25% 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 traded down today reaching 0.9984 in afternoon trading before rebounding to 1.0012 as of this writing. Current range: 0.9981 - 1.0059 Further levels: Below: 0.9964, 0.9973, 0.9991 Above: 1.0018, 1.0027, 1.0045 AUD / USD likely to find support at Tuesday's… 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.