The Aussie closed the week up against the US Dollar Friday, recovering losses from earlier in the week following positive news from Japan. The Aussie closed the week at 0.9956, up 1.60% for the day and down 1.7% for the week by the close of Friday’s trading. In what direction will the Japanese Nuclear crisis and disaster recovery and Libyan crisis pull the Aussie this week? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie dropped throughout the session reaching a low of 0.9822 and then consolidating to 0.9898 by the close of trade Friday closing the week down 1.7% for the Aussie against the US Dollar. Current range: 0.9820- 0.9979 Further levels: Below: 0.9941, 0.9947, 0.9959 Above: 0.9977, 0.9983, 0.9995 AUD / USD likely to find support at 0.9702, and resistance at 1.0105. AUD/USD Fundamentals 10:00 US Existing Home Sales Exp. 5.15M Vs. 5.36M No major Australian economic news is expected this week. * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment US Manufacturing data for the month of March in Philadelphia has reached a 27 year high, reaching 43.4 versus the expected 29.9. The Aussie recovered somewhat by the end of the week after investor fear sentiment eased slightly on positive reports that Japan is moving towards stabilizing the nuclear crisis. Japan is Australia’s second largest trading partner. Currensee Community: 84% are short,16% are long. 404 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 21 2011 Anat Dror 12 years The Aussie closed the week up against the US Dollar Friday, recovering losses from earlier in the week following positive news from Japan. The Aussie closed the week at 0.9956, up 1.60% for the day and down 1.7% for the week by the close of Friday's trading. In what direction will the Japanese Nuclear crisis and disaster recovery and Libyan crisis pull the Aussie this week? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie dropped throughout the session reaching a low of 0.9822 and then consolidating to 0.9898 by the close of… 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.