AUD/USD Feb.28-Aussie Closes Week Up against US Dollar The Aussie closed the week higher against the US Dollar Friday, on higher oil prices. It closed the week at 1.0176, up 0.84% for the day and 0.37% for the week by the end of trading. Is the end of the unrest in the ME in sight? 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 following a broadly lower us dollar Current range: 1.0095- 1.0178 Further levels: Below: 1.0160, 1.0163, 1.0170 Above: 1.0180, 1.0183, 1.0190 AUD / USD likely to find support at 1.0000, and resistance at 1.0201. AUD/USD Fundamentals 08:30 US Personal Spending m/m Exp. 0.5% 08:30 US FOMC Member Dudley Speaks 08:30 US Personal Income m/m Exp. 0.4% 09:45 US Chicago PMI Exp. 67.9 10:00 US Pending Home Sales m/m Exp. -2.2% 17:30 Australia AIG Manufacturing Index 19:30 Australia Retail Sales m/m Exp. 0.3% 19:30 Australia Current Account Exp.-6.9B 22:30 Australia Cash Rate Exp. 4.75% 22:30 Australia RBA Rate Statement * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment US consumer sentiment rose unexpectedly, yet 4th quarter GDP figures came in lower than expected rising 2.8% instead of the expected 3.3% Crude oil prices hit 103 USD a barrel on Tuesday, the highest since September 2008. Rising concerns about the inflationary effect of higher oil prices caused the Greenback to weaken against almost all major currencies. Currensee Community: 93% are short, 7% are long. 420 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 28 2011 Anat Dror 12 years AUD/USD Feb.28-Aussie Closes Week Up against US Dollar The Aussie closed the week higher against the US Dollar Friday, on higher oil prices. It closed the week at 1.0176, up 0.84% for the day and 0.37% for the week by the end of trading. Is the end of the unrest in the ME in sight? 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 following a broadly lower us dollar Current range: 1.0095- 1.0178 Further levels: Below: 1.0160, 1.0163, 1.0170 Above: 1.0180, 1.0183, 1.0190 AUD… 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.