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With no strong directional movement upwards or downwards, the bullish trend is of AUD/USD showing signs of weakness. The jury is still out however as technical indicators remain neutral.

Here’s a quick update on technicals, fundamentals and community trends.

AUD-USD Chart

AUD/USD Technicals

  • Previous sessions: AUD / USD saw a sideways move with no strong movement in either direction.
  • Current range: 1.0225 to 1.0173
  • 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 / USD likely to find support at 1.0087

AUD/USD Fundamentals

  • 5:30 AUD Commodity Prices
  • 15:00 US Factory Orders
  • 19:00 US FOMC Meeting Minutes

* All times are GMT.

For the major events due later in the week, see the AUD/USD forecast.

AUD/USD Sentiment

  • Dollar expected to rise on US growth outlook
  • Aussie probable 5th wave underway
  • Dollar Rises Versus Yen, Euro on December increase in Manufacturing Index
  • U.S. ISM manufacturing PMI rises less-than-expected in December

Currensee Community: 93% are short, 7% are long. 381 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.

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