The Aussie was mostly sideways against the US Dollar Monday, currently trading against the US Dollar at 1.0186, up 0.07% as of this writing. Which direction is the Aussie heading in? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie dropped to 1.0136 in early afternoon trading, rallying to its current level fairly quickly and holding the pattern for the rest of the day. Current range: 1.0122- 1.0193 Further levels: Below: 1.0150, 1.0158, 1.0163 Above: 1.0176, 1.0184, 1.0189 AUD / USD likely to find support at 0.9982, and resistance at 1.0193. AUD/USD Fundamentals 00:30 Australia Commodity Prices y/y 10:00 US Fed Chairman Bernanke Testifies 10:00 US ISM Manufacturing PMI Exp. 60.9 10:00 US Construction Spending m/m Exp. -0.4% 10:00 US ISM Manufacturing Prices Exp. 82.7 All Day US Total Vehicle Sales Exp. 12.7M Tentative Australia HIA New Home Sales m/m 19:30 Australia GDP q/q Exp. 0.6% * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The Aussie had a strong week against the US Dollar in the last week, coming after Australian business investment reached a record high for the 4th quarter of 2010. This week is an important week for the Aussie going forward as it will largely determine the current direction of the currency based on important economic reports as well as the current unrest across the Middle East. The US economy is continuing to give mixed signals, although overall sentiment seems to be leaning optimistically. US Pending Home Sales for the month of January fell more than expected however the manufacturing index (PMI) for the Chicago area increased unexpectedly in February. Currensee Community: 93% are short, 7% are long. 448 open positions in real accounts trading this pair at the moment. The community is expecting lower levels of the pair ahead. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily OutlooksMinors share Read Next Forex Daily Outlook – March 1 2011 Anat Dror 12 years The Aussie was mostly sideways against the US Dollar Monday, currently trading against the US Dollar at 1.0186, up 0.07% as of this writing. Which direction is the Aussie heading in? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie dropped to 1.0136 in early afternoon trading, rallying to its current level fairly quickly and holding the pattern for the rest of the day. Current range: 1.0122- 1.0193 Further levels: Below: 1.0150, 1.0158, 1.0163 Above: 1.0176, 1.0184, 1.0189 AUD / USD likely to find support at 0.9982, and resistance at 1.0193. AUD/USD… 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.