The Aussie was higher again Wednesday against the US Dollar as traders shunned the US Dollar in favor of other assets. The consensus is that the pair seems to be headed for lower territory. The pair was trading at 1.0018 (+0.43%) 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 Wednesday hitting 1.0018 at the time of this writing. The Australian dollar rose on the back of the US Dollar as traders dumped the US Dollar. The Aussie, however, is still showing technical weakness but could continue an uptrend. Current range: 0.9987 – 1.0078 Further levels: Below: 0.9937, 0.9962, 0.9979 Above: 1.0021, 1.0046, 1.0063 AUD / USD likely to find support at Wednesday’s low of 0.9857, and resistance at 1.0078. AUD/USD Fundamentals 13:30 – US – Unemployment Claims 15:00 – US – Existing Home Sales 15:00 – US – Philly Fed Manufacturing Index 15:00 – US – CB Leading Index m/m 15:30 – US – Natural Gas Storage 16:00 – US – Crude Oil Inventories 21:45 – New Zealand – Retail Sales m/m * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Economists estimate the cost of the Queensland flooding at AUD 20 Billion. The Reserve Bank of Australia maintains its neutral fiscal policy in the wake of a cautious growth outlook due to the Queensland flooding. Australia consumer confidence falls the most in seven months (5.7%) due to concerns that the Queensland flooding will hamper economic growth. Currensee Community: 93% are short, 7% are long. 375 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 20 2010 Anat Dror 12 years The Aussie was higher again Wednesday against the US Dollar as traders shunned the US Dollar in favor of other assets. The consensus is that the pair seems to be headed for lower territory. The pair was trading at 1.0018 (+0.43%) 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 Wednesday hitting 1.0018 at the time of this writing. The Australian dollar rose on the back of the US Dollar as traders dumped the US Dollar. The Aussie, however, is still showing technical weakness but could… 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.