The Aussie ended trading Friday by rising slightly against the Greenback for the week but failing to stay above parity. The pair traded in a tight range for most of the week. The Aussie was trading at 0.9941 up 0.23%, as of Friday’s close. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Friday against the US Dollar on the back of a lower than expected US GDP report. Analysts were expecting a seasonally adjusted 3.6% for the last quarter while the actual results were a disappointing 3.2%. Current range: 0.9884 – 0.9887 Further levels: Below: 0.9899, 0.9910, 0.9918 Above: 0.9937,0.9948, 0.9956 AUD / USD likely to find support at Thursday’s low of 0.9874, and resistance at 1.0021. AUD/USD Fundamentals 00:30 – Australia – Private Sector Credit m/m Exp 0.3% as expected 13:30 – US – Core PCE Price Index m/m Exp. 0.1% as expected 13:30 – US – Personal Spending m/m Exp. 0.6% 13:30 – US – Personal Income m/m Exp. 0.5% 14:45 – US – Chicago PMI Exp 65.5 21:45 – New Zealand – Labor Cost Index Exp. 0.5 22:30 – Australia – AIG Manufacturing Index * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The US reported less than expected seasonally adjusted GDP results of 3.2% for the last quarter. Analysts were expecting 3.6%. The Aussies rose slightly against the US Dollar for the week ended 28 January but failed to keep a grasp above parity mainly due to the continuing concerns over the economic impact of the Queensland flooding. The Australian Treasury estimates a loss of 0.5% from economic growth. The Australian Treasury estimates the brunt of the economic impact will be felt at the end of the first quarter due to lost coal production and exports. Currensee Community: The community sees the Australian Dollar as currently overvalued, expecting lower levels of the pair ahead. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily OutlooksMinors share Read Next Forex Daily Outlook – January 31 2011 Anat Dror 12 years The Aussie ended trading Friday by rising slightly against the Greenback for the week but failing to stay above parity. The pair traded in a tight range for most of the week. The Aussie was trading at 0.9941 up 0.23%, as of Friday's close. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Friday against the US Dollar on the back of a lower than expected US GDP report. Analysts were expecting a seasonally adjusted 3.6% for the last quarter while the actual results were a disappointing 3.2%. Current range: 0.9884… 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.