The Australian Dollar traded lower Thursday against the US dollar following worse than expected US employment and trade deficit reports. These have added to concerns over the global economy. The Aussie was trading at 1.0007, down 1.00% at the time of this writing. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded lower throughout the day reaching a low of 0.9994 by mid-afternoon. In the late afternoon it rebounded to 1.0023 before consolidating to its current level. Current range: 0.9991 – 1.0118 Further levels: Below: 0.9976, 0.9989, 1.000 Above: 1.0024, 1.0037, 1.0048 AUD / USD likely to find support at today’s low of 0.9992, and resistance at 1.0186. AUD/USD Fundamentals 8:30 US Core Retail Sales m/m Exp. 0.7% Vs. 0.3% 8:30 US Retail Sales m/m Exp. 0.8% Vs. 0.3% 8:30 US FOMC Member Dudley Speaks 9:55 US Prelim UoM Consumer Sentiment Exp. 77.0 Vs. 77.5 9:55 US Prelim UoM Inflation Expectations 3.4% 10:00 US Business Inventories m/m Exp. 0.6% Vs. 0.8% * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The US released two worse than expected economic reports Thursday, with data showing US initial jobless claims rose more than expected last week and a larger than expected US January trade deficit. These reports underscore investor fears of the impact of oil prices and Middle East on global economic growth. Newly released data showed that Australian jobless claims grew in February for the first time in 18 months. The Central Bank of New Zealand cut interest rates today to offset the economic impact of the devastating earthquake that hit Christchurch last month. Currensee Community: 91% are short, 9% are long. 434 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 11 2011 Anat Dror 12 years The Australian Dollar traded lower Thursday against the US dollar following worse than expected US employment and trade deficit reports. These have added to concerns over the global economy. The Aussie was trading at 1.0007, down 1.00% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded lower throughout the day reaching a low of 0.9994 by mid-afternoon. In the late afternoon it rebounded to 1.0023 before consolidating to its current level. Current range: 0.9991 - 1.0118 Further levels: Below: 0.9976, 0.9989, 1.000 Above: 1.0024, 1.0037, 1.0048… 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.
