Search ForexCrunch

The Aussie traded lower Tuesday against the US Dollar following a US report on Chicago PMI.  The data showed a greater than expected fall. The Aussie was trading at 1.0658, down 0.31% at the time of this writing.

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

 AUD/USD Technicals

  • Previous sessions: The Aussie fell throughout the first half of the session in to the early afternoon reaching its low f the day. The Aussie then rallied twice during the afternoon, hitting its high of the day before consolidagin to its current level.
  • Current range: 1.0676 – 1.0725
  • Further levels: Below: 1.0641, 1.0647, 1.0655 Above: 1.0669 1.0675, 1.0683
  • AUD / USD likely to find support at 1.0511, and resistance at a high of 1.0757.

AUD/USD Fundamentals

  • 00:30   Australia         AIG Manufacturing Index         Prev. 48.4    
  • 02:30   Australia         GDP q/q       Exp. -0.9% Prev. 0.7%            
  • 07:30   Australia         Commodity Prices y/y         Prev. 32.3%
  • 12:30   US         Challenger Job Cuts y/y         Prev. -4.8%    
  • 13:15   US         ADP Non-Farm Employment Change       Exp. 177K Prev. 179K                  
  • 15:00   US         ISM Manufacturing PMI       Exp. 58.4 Prev. 60.4    
  • 15:00   US         Treasury Sec Geithner Speaks            
  • 15:00   US         Construction Spending m/m       Exp. 0.4% Prev. 1.4%    
  • 15:00   US         ISM Manufacturing Prices       Exp. 81.9 Prev. 85.5    
  • All Day   US         Total Vehicle Sales       Exp. 12.9M Prev. 13.2M

* All times are GMT.

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

AUD/USD Sentiment

  • The US reported data today on the Chicago PMI for April. The data showed a greater than expected fall to 56.6 (adjusted) from 67.6. The street was expecteting 62.5.
  • US Home prices fell more than expected for the month of March, continuing a down trend. In addition, US consumer confidence has declined unexpectedly as well.
  • Business confidence in New Zealand surges to a new annual high in April. This raises the possibility that the Central Bank will raise interest rates this year.

Currensee Community: 50% are short, 50% are long. 277 open positions in real accounts trading this pair at the moment.  The community is currently neutral on expectations of future levels of the pair ahead.

Expert score


Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.