The Australian Dollar traded higher today against the US Dollar seemingly topping out its correction of the last few days. The direction of the next major move is critical in determining where the pair is headed. At the time of this writing the pair was trading at 0.9941 (+0.76%). Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Wednesday hitting 0.9941 at the time of this writing. Current range: 0.9821 – 0.9895 Further levels: Below: 0.9922, 0.9932, 0.9945 Above: 0.9968, 0.9978, 0.9991 AUD / USD likely to find support at today’s low of 0.9804, and resistance at 0.9992. AUD/USD Fundamentals 00:30 Australia – Employment Change 00:30 Australia – Unemployment Rate 13:30 US – PPI m/m Exp. No change 13:30 US – Trade Balance 13:30 US – Unemployment Claims 13:30 US – Core PPI m/m 15:30 US – Natural Gas Storage 18:00 US – Fed Chairman Bernanke Speaks * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Queensland flooding continues to raise fears of a negative effect on growth due to disruption of the area’s coal exports. Surprise increase in Australian Home Loans during November of 2.5%. Expectation was -1%. Better than expected Portuguese bond auction results eases concerns over European debt crisis Currensee Community: 92% are short, 8% are long. 412 open positions in real accounts trading this pair at the moment. The community is expecting continued lower levels. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily Outlooks share Read Next Forex Daily Outlook – January 13 2011 Anat Dror 12 years The Australian Dollar traded higher today against the US Dollar seemingly topping out its correction of the last few days. The direction of the next major move is critical in determining where the pair is headed. At the time of this writing the pair was trading at 0.9941 (+0.76%). Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Wednesday hitting 0.9941 at the time of this writing. Current range: 0.9821 - 0.9895 Further levels: Below: 0.9922, 0.9932, 0.9945 Above: 0.9968, 0.9978, 0.9991 AUD / USD likely to find support at today'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.