The Aussie rebounded slightly Friday against the US Dollar Friday recovering most of the week’s losses on positive news from China and Europe. The pair closed the week at 0.9899 up just 0.09%, with a slight loss against the US Dollar. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded slightly higher Friday closing the gap of the week’s losses and ending the week only slightly lower against the US Dollar. Increased demand for the Aussie Friday was due to easing concerns of the European debt crisis and a higher Chinese GDP (9.8%). Current range: 0.9840 – 0.9919 Further levels: Below: 0.9873, 0.9883, 0.9890 Above: 0.9907, 0.9917, 0.9924 AUD / USD likely to find support at Friday’s low of 0.9830, and resistance at 1.0006. AUD/USD Fundamentals 00:30 – Australia – PPI q/q exp. 0.5% 23:00 – Australia – CB Leading Index m/m * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment New Zealand releases better than expected retail sales figures. Chinese GDP figures higher – 9.8% possibly slowing or delaying Chinese monetary interference. Long term sentiment is largely Bearish on the Aussie although for the short term, numerous domestic and foreign (mostly China) market forces are pulling the Aussie in both directions. Currensee Community: 92% are short, 8% are long. 382 open positions in real accounts trading this pair at the moment. The community is Bearish on the Australian Dollar, 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 24 2011 Anat Dror 12 years The Aussie rebounded slightly Friday against the US Dollar Friday recovering most of the week's losses on positive news from China and Europe. The pair closed the week at 0.9899 up just 0.09%, with a slight loss against the US Dollar. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded slightly higher Friday closing the gap of the week's losses and ending the week only slightly lower against the US Dollar. Increased demand for the Aussie Friday was due to easing concerns of the European debt crisis and a higher Chinese GDP (9.8%).… 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.