The Aussie was down against the Greenback Tuesday following confirmation data of an improving US economic recovery and an expected Interest rate decision by the RBA. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie has been steadily dropping throughout the session, reaching a low of 1.0129 late in the afternoon and consolidating back up to 1.0136 as of this writing. Current range: 1.0150- 1.0200 Further levels: Below: 1.0132, 1.0140, 1.0147 Above: 1.0162, 1.0170, 1.0177 AUD / USD likely to find support at 1.0003, and resistance at 1.0202. AUD/USD Fundamentals 07:30 US Challenger Job Cuts y/y 08:15 US ADP Non-Farm Employment Change Exp. 178K 10:00 US Fed Chairman Bernanke Testifies 10:30 US Crude Oil Inventories Exp. 1.1M 14:00 US Beige Book 17:30 Australia AIG Services Index 19:30 Australia Building Approvals m/m Exp. -3.1% 19:30 Australia Trade Balance Exp. 1.56B 20:00 US Fed Chairman Bernanke Speaks * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The Reserve Bank of Australia (RBA) announced today that it is holding the lending interest rate unchanged at 4.75%. This was expected by traders. In the same announcement, the RBA explained the decision was based on expectations of a slowdown in employment growth and a strong Australian currency which will help keep inflation in check. US manufacturing data reached its highest level in seven years in February, strengthening the consensus that the recovery of the of US economy is gathering momentum. Currensee Community: 92% are short, 8% are long. 460 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 2 2011 Anat Dror 12 years The Aussie was down against the Greenback Tuesday following confirmation data of an improving US economic recovery and an expected Interest rate decision by the RBA. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie has been steadily dropping throughout the session, reaching a low of 1.0129 late in the afternoon and consolidating back up to 1.0136 as of this writing. Current range: 1.0150- 1.0200 Further levels: Below: 1.0132, 1.0140, 1.0147 Above: 1.0162, 1.0170, 1.0177 AUD / USD likely to find support at 1.0003, and resistance at 1.0202. AUD/USD Fundamentals 07:30 US… 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.