The Australian Dollar was slightly lower Monday against the US dollar, trading in a tight range for most of the day. The Aussie was trading at 1.0116 down 0.22% at the time of this writing. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie was trading higher in the early afternoon, reaching 1.0185 before sharply falling to 1.0095 by late afternoon and then consolidating to its current level of 1.0116. The US dollar was down against most other major currencies as a result of uncertain investor sentiment due to rising oil prices. Current range: 1.0125 – 1.0189 Further levels: Below: 1.0077, 1.0084, 1.0093 Above: 1.0109, 1.0116, 1.0125 AUD / USD likely to find support at Wednesday’s low of 1.0076, and resistance at 1.0190. AUD/USD Fundamentals 10:00 US IBD/TIPP Economic Optimism Exp. 51.8 Vs. 50.9 18:00 Australia RBA Assist Gov Lowe Speaks 18:30 Australia Westpac Consumer Sentiment 19:30 Australia Home Loans m/m Exp. -0.3% VS. 2.1% * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment New Zealand Treasury expects the February earthquake to reduce economic growth of the year by approximately 1.5%. Continued uncertainty in the Middle East on rising oil prices and continued Libyan unrest is leaving investors jittery and uncertain about its effect on the global economy. Currensee Community: 93% are short, 7% are long. 464 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 Outlooks share Read Next Forex Daily Outlook – March 8 2011 Anat Dror 12 years The Australian Dollar was slightly lower Monday against the US dollar, trading in a tight range for most of the day. The Aussie was trading at 1.0116 down 0.22% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie was trading higher in the early afternoon, reaching 1.0185 before sharply falling to 1.0095 by late afternoon and then consolidating to its current level of 1.0116. The US dollar was down against most other major currencies as a result of uncertain investor sentiment due to rising oil prices. Current… 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.