The Australian Dollar traded lower Tuesday against the US dollar following reports that other OPEC countries may contribute additional oil production to boost global supplies. The Aussie was trading at 1.0110, down 0.09% at the time of this writing. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie began the day trading at current levels dropping to 1.0057 by mid-afternoon and then consolidating to its current level of 1.0110, and close to the opening price. Current range: 1.0054 – 1.0135 Further levels: Below: 1.0089, 1.0095, 1.0102 Above: 1.0115, 1.0121, 1.0128 AUD / USD likely to find support at today’s low of 1.0054, and resistance at 1.0190. AUD/USD Fundamentals 8:45 Australia RBA Gov Stevens Speaks 10:00 US Wholesale Inventories m/m Exp. 0.9% Vs. 1.0% 10:30 US Crude Oil Inventories Exp. 0.8M Vs. -0.4M 13:30 US Treasury Sec Geithner Speaks 15:00 New Zealand Official Cash Rate Exp. 2.75% Vs. 3.00% 15:00 New Zealand RBNZ Press Conference 15:00 New Zealand RBNZ Rate Statement 19:30 Australia Employment Change Exp. 21.5K Vs. 24.0K 19:30 Australia Unemployment Rate Exp. 5.0% Vs. 5.0%1% * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Investors drove the US Dollar up today following reports that other OPEC countries may contribute additional oil production to boost global supplies and help alleviate fears of short oil supplies in light of the recent unrest across the Middle East. Investor sentiment is up following reports that Libyan leader Moammar Ghadaffi might be stepping down. Currensee Community: 93% are short, 7% are long. 415 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 9 2010 Anat Dror 12 years The Australian Dollar traded lower Tuesday against the US dollar following reports that other OPEC countries may contribute additional oil production to boost global supplies. The Aussie was trading at 1.0110, down 0.09% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie began the day trading at current levels dropping to 1.0057 by mid-afternoon and then consolidating to its current level of 1.0110, and close to the opening price. Current range: 1.0054 - 1.0135 Further levels: Below: 1.0089, 1.0095, 1.0102 Above: 1.0115, 1.0121, 1.0128 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.
