The Aussie was higher Monday against the US Dollar on the heels of skepticism regarding the EU Finance Ministers ability to work out a comprehensive solution to EU debt crisis. The pair seems to be headed for lower territory, trading at 0.9945 (+0.40%) at the time of this writing. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Monday hitting 0.9945. The pair mostly reacted to news regarding the EU debt crisis, but is still showing technical weakness. Current range: 0.9863 – 0.9969 Further levels: Below: 0.9928, 0.9932, 0.9938 Above: 0.9948, 0.9952, 0.9958 AUD / USD likely to find support at Wednesday’s low of 0.9803, and resistance at 1.0019. AUD/USD Fundamentals 13:30 – US – Empire State Manufacturing Index 14:00 – US – TIC Long-Term Purchases 15:00 – US – NAHB Housing Market Index * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The Queensland flooding is expected to have a negative impact on growth due to disruption of the area’s coal exports and farming. Australian auto sales data shows the biggest drop (3.1%) in 16 months. Inflation indicators point to slowing inflation. The Market is highly skeptical that EU policymakers will be able to iron out a comprehensive solution to the EU debt crisis. Currensee Community: 92% are short, 8% are long. 398 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 – January 18 2011 Anat Dror 12 years The Aussie was higher Monday against the US Dollar on the heels of skepticism regarding the EU Finance Ministers ability to work out a comprehensive solution to EU debt crisis. The pair seems to be headed for lower territory, trading at 0.9945 (+0.40%) at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Monday hitting 0.9945. The pair mostly reacted to news regarding the EU debt crisis, but is still showing technical weakness. Current range: 0.9863 - 0.9969 Further levels: Below: 0.9928, 0.9932, 0.9938 Above: 0.9948,… 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.