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 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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