The Aussie was up against the Greenback Wednesday following fears of the effect of recent oil price hikes on the US economic recovery. The Aussie was trading at 1.0107, up 0.09% as of this writing. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie started the day low reaching a low of 1.0091 rising to 1.0130 during the early part of the session and then spending the rest of the session fluctuating between the high and low and slowly consolidating towards the current level of 1.0107 as of this writing. Current range: 1.0062- 1.0130 Further levels: Below: 1.0088, 1.0093, 1.0099 Above: 1.0110, 1.0115, 1.0121 AUD / USD likely to find support at 1.0054, and resistance at 1.0186 AUD/USD Fundamentals 8:15 Australia RBA Gov Stevens Speaks 8:30 US Trade Balance Exp. -41.4B Vs. -40.6B 10:30 US Natural Gas Storage Exp. -72B Vs. -85B 14:00 US Federal Budget Balance Exp. -235.1B Vs. -49.8B 21:45 Australia RBA Assist Gov Debelle Speaks *All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The rising price of oil is causing investor concerns over its effect on the US economic recovery. In addition, investors are concerned over the impact of rising energy costs on the global economy. Australia released discomforting economic reports today, with data showing that Australian home loan approvals fell during February. Also, new data indicates that consumer confidence is at a current nine month low. Currensee Community: 92% are short, 8% are long. 443 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 EUR/USD Mar. 10 – Tumbling Down on Spanish Downgrade Yohay Elam 12 years The Aussie was up against the Greenback Wednesday following fears of the effect of recent oil price hikes on the US economic recovery. The Aussie was trading at 1.0107, up 0.09% as of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie started the day low reaching a low of 1.0091 rising to 1.0130 during the early part of the session and then spending the rest of the session fluctuating between the high and low and slowly consolidating towards the current level of 1.0107 as of this writing. Current range:… 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.