AUD/USD is lower again today, showing continued relative weakness and dropping below support, reaching 0.9998 at the time of this writing. Have we seen the current AUD/USD top? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Continues decline AUD/USD Technicals Previous sessions: AUD/USD continued its decline against the US Dollar today trading at 0.9998 at the time of this writing. Current range: 0.9961 – 1.0058 Further levels: Below: 0.995, 0.9925, 0.9917, 0.9840, 0.9724 Above: 0.999, 1.0030, 1.0035, 1.0050, 1.0075, 1.0105 AUD / USD likely to find support at today’s low of 0.9961, and resistance at 1.0255. AUD/USD Fundamentals 13:30 – USD Unemployment Claims 15:30 – USD Natural Gas Storage Tentative – USD Treasury Currency Report * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment USD gained strong momentum today after data from the labor and services sector beat market expectations. Traders seem to be considering the potential for a much larger AUD/USD decline. Short term AUD/USD sentiment is negative US jobs data drives USD higher Currensee Community: 92% are short, 8% are long. 389 open positions in real accounts trading this pair at the moment. The community expecting a much larger decline in AUD/USD. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily Outlooks share Read Next Forex Daily Outlook – January 6 2011 Anat Dror 12 years AUD/USD is lower again today, showing continued relative weakness and dropping below support, reaching 0.9998 at the time of this writing. Have we seen the current AUD/USD top? Here's a quick update on technicals, fundamentals and community trends. [caption id="attachment_13840" align="aligncenter" width="650" caption="AUD/USD Continues decline"][/caption] AUD/USD Technicals Previous sessions: AUD/USD continued its decline against the US Dollar today trading at 0.9998 at the time of this writing. Current range: 0.9961 - 1.0058 Further levels: Below: 0.995, 0.9925, 0.9917, 0.9840, 0.9724 Above: 0.999, 1.0030, 1.0035, 1.0050, 1.0075, 1.0105 AUD / USD likely to find support at today's low of 0.9961,… 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.
