The Australian Dollar traded lower Monday against the US dollar following mounting fears over the impact the devastating Japanese earthquake will have on the Japanese and global economy. The Aussie was trading at 1.0108, down 0.0417% 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 sideways throughout much of the day, briefly dropping to a low of 1.0054 in the late afternoon and then rebounding to its current levels. Further levels: Below: 1.0052, 1.0067, 1.0075 Above: 1.0098, 1.0113, 1.0121 AUD / USD likely to find support at today’s low of 0.9970, and resistance at 1.0159. AUD/USD Fundamentals 8:30 USD Empire State Manufacturing Index Exp. 16.2 Vs.15.4 8:30 USD Import Prices m/m Exp.0.9% Vs.1.5% 9:00 USD TIC Long-Term Purchases Exp.59.3B Vs.65.9B 10:00 USD NAHB Housing Market Index Exp.17 16 14:15 USD FOMC Statement 14:15 USD Federal Funds Rate Exp.<0.25% Vs.<0.25% 19:30 Australia MI Leading Index m/m 0.8% 20:30 Australia Housing Starts q/q Exp.-1.1% Vs.-13.2% * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Concerns grow over the status of the Nuclear Power Plants in Japan. Japanese authorities have indicated that there is a real danger of a “Meltdown” at some of the plants. Investors are worried about the negative impact the devastating Japanese earthquake will have on the global economy. Currensee Community: 91% are short, 9% are long. 417 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 15 2011 Anat Dror 12 years The Australian Dollar traded lower Monday against the US dollar following mounting fears over the impact the devastating Japanese earthquake will have on the Japanese and global economy. The Aussie was trading at 1.0108, down 0.0417% 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 sideways throughout much of the day, briefly dropping to a low of 1.0054 in the late afternoon and then rebounding to its current levels. Further levels: Below: 1.0052, 1.0067, 1.0075 Above: 1.0098, 1.0113, 1.0121 AUD / USD likely to find support… 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.