The Aussie traded lower Tuesday against the Greenback on the back of new US data on consumer confidence and home prices. The Aussie is trading at 0.9925 down 0.63%, as of this writing. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded lower Tuesday on the back of weaker home prices data. Current range: 0.9890 – 0.9994 Further levels: Below: 0.9907, 0.9915, 0.9932 Above: 0.9957,0.9965, 0.9982 AUD / USD likely to find support at Friday’s low of 0.9833, and resistance at 1.0022. AUD/USD Fundamentals 02:30 – US – President Obama to deliver State of the Union Address 15:00 – US – New Home Sales exp. 302k 15:30 – US – Crude Oil Inventories exp. 0.9m 19:15 – US – FOMC Statement 19:15 – US – Federal Funds Rate 20:00 – New Zealand – Official Cash Rate exp. 3.00% unchanged 20:00 – New Zealand RBNZ Rate Statement 23:30 – Australia – MI 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 Australian CPI figures were lower than expected. The Australian annualized inflation rate dropped to 2.7%, the lowest level in a year and moving upwards at the lowest rate in two years. Investors are still worried about the negative impact of the Queensland flooding on growth, pointing to the recent PPI data that showed the smallest gain in a year. US Consumer confidence data showed higher than expected levels but at the same time disappointing data on Home Prices. Currensee Community: 93% are short, 7% are long. 413open 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 26 2011 Anat Dror 12 years The Aussie traded lower Tuesday against the Greenback on the back of new US data on consumer confidence and home prices. The Aussie is trading at 0.9925 down 0.63%, as of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded lower Tuesday on the back of weaker home prices data. Current range: 0.9890 - 0.9994 Further levels: Below: 0.9907, 0.9915, 0.9932 Above: 0.9957,0.9965, 0.9982 AUD / USD likely to find support at Friday's low of 0.9833, and resistance at 1.0022. AUD/USD Fundamentals 02:30 - US - President Obama to deliver State… 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.