The AUD continued its strong highs against the USD into the new year with a slight pull back. This trend is expected to continue in the week ahead with a number of key data releases by the US Federal Reserve. Here’s a quick update on technicals, fundamentals and community trends. AUD to USD on high ground AUD/USD Technicals Previous sessions: AUD / USD continuing its upward trend, breaking through to 1.0246 and settling back to 1.0231. Current range: 1.0189 to 1.0255 Further levels: Below: 1.0180, 1.0080, 0.9917, 0.9840, 0.9724, 0.9960, 0.9540, 0.9465, 0.9366 Above: 1.0246, 1.03 AUD to USD parity remains a strong support line AUD/USD Fundamentals 10:00 US ISM Manufacturing PMI exp. 57.1 10:00 US Construction Spending 10:00 US ISM Manufacturing Prices * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment U.S. consumer confidence unexpectedly dropped in December but full recovery expected quickly Solid US manufacturing growth expected through the first quarter of 2011 Improvement expected in manufacturing, construction indices China shows indications of slower growth Currensee Community: 93% are short, 7% are long. 367 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam AUD/USD Daily Outlooks share Read Next EUR/USD Jan. 3 – Losing the Hot Air Yohay Elam 12 years The AUD continued its strong highs against the USD into the new year with a slight pull back. This trend is expected to continue in the week ahead with a number of key data releases by the US Federal Reserve. Here's a quick update on technicals, fundamentals and community trends. AUD to USD on high ground AUD/USD Technicals Previous sessions: AUD / USD continuing its upward trend, breaking through to 1.0246 and settling back to 1.0231. Current range: 1.0189 to 1.0255 Further levels: Below: 1.0180, 1.0080, 0.9917, 0.9840, 0.9724, 0.9960, 0.9540, 0.9465, 0.9366 Above: 1.0246, 1.03 AUD to USD parity… 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.
