The Aussie traded higher Thursday against the US Dollar following a boosted Euro, a poorer than expected US Jobless claim report and higher than expected Australian retail sales data. This follows a string of poor US economic data. The Aussie was trading at 1.0675, up 0.57% at the time of this writing. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded initially higher during the first half of the session, before falling slightly throughout the afternoon and dropping sharply late in the afternoon to its low of the day. Then Aussie then reversed its direction, rallying to its high of the day before consolidating to its current level. Current range: 1.0588 – 1.0689 Further levels: Below: 1.0631, 1.0641, 1.0656 Above: 1.0681 1.0691, 1.0706 AUD / USD likely to find support at 1.0588, and resistance at a high of 1.0757. AUD/USD Fundamentals 00:30 Australia AIG Services Index Prev. 51.5 13:30 US Non-Farm Employment Change Exp. 194K Prev. 244K 13:30 US Unemployment Rate Exp. 9.0% Prev. 9.0% 13:30 US Average Hourly Earnings m/m Exp. 0.2% Prev. 0.1% 15:00 US ISM Non-Manufacturing PMI Exp. 53.7 Prev. 52.8 17:30 US FOMC Member Tarullo Speaks * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment US economic data is continuing to disappoint, fueling fears of a slowdown in the US growth of the economy. The US reported a less than expected jobless claims decrease. The street was expecting a decrease to 420,000. The reported figure was 422,000. Separately, US Factory orders fell more than expected in April. Australia reported better than expected retail sales data for the month of April, reaching the highest level in the last 17 months. Currensee Community: 59% are short, 41% are long. 2 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. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily Outlooks share Read Next Forex Daily Outlook – June 3 2011 Anat Dror 12 years The Aussie traded higher Thursday against the US Dollar following a boosted Euro, a poorer than expected US Jobless claim report and higher than expected Australian retail sales data. This follows a string of poor US economic data. The Aussie was trading at 1.0675, up 0.57% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded initially higher during the first half of the session, before falling slightly throughout the afternoon and dropping sharply late in the afternoon to its low of the day. Then Aussie then… 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.
