The pair fell below parity Friday on the heels of a lower global growth outlook and Chinese monetary tightening. The pair seems to be headed for lower territory. The pair closed the week at 0.9905 (-0.41% for the week). Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded lower Friday hitting 0.9905. The pair reacted to numerous market forces driving the price down. Current range: 0.9857 – 0.9987 Further levels: Below: 0.9882, 0.9887, 0.9892 Above: 0.9902, 0.9907, 0.9912 AUD / USD likely to find support at Wednesday’s low of 0.9803, and resistance at 0.9992. AUD/USD Fundamentals 00:30 – Australia – New Motor Vehicle Sales m/m 12:15 – US – FOMC Member Plosser Speaks * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The Queensland flooding expected to have a negative impact on growth due to disruption of the area’s coal exports and farming. The Chinese Inflationary Monetary Policy tightening negatively affected the Aussie by resulting in lower commodity prices. China is Australia’s largest trading partner. Latest Australian Job data lower than expected, adding to the weak economic data coming out of Australia and negatively impacting the AUD/USD. The Australian Central Bank is largely expected to leave the benchmark interest rate unchanged at 4.75% this quarter. Technical indicators point to a lower AUD/USD ahead as the pair fail to push through resistance levels on Friday. Currensee Community: 93% are short, 7% are long. 365 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 NZD/USD Outlook – January 17-21 Anat Dror 12 years The pair fell below parity Friday on the heels of a lower global growth outlook and Chinese monetary tightening. The pair seems to be headed for lower territory. The pair closed the week at 0.9905 (-0.41% for the week). Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded lower Friday hitting 0.9905. The pair reacted to numerous market forces driving the price down. Current range: 0.9857 - 0.9987 Further levels: Below: 0.9882, 0.9887, 0.9892 Above: 0.9902, 0.9907, 0.9912 AUD / USD likely to find support at Wednesday's low of 0.9803, and resistance… 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.