The Australian Dollar was higher Monday against the US dollar, after the Greenback was broadly lower against other currencies following expectations of a rate hike by the European Central Bank. The Aussie was trading at 1.0250, up 0.15% 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 widely in the second half of the day, reaching a high of 1.0295 and then trading in a tight range before dropping sharply to 1.0250 from 1.0278. Current range: 1.0240 – 1.0314 Further levels: Below: 1.0264, 1.0268, 1.0271 Above: 1.0278, 1.0282, 1.0285 AUD / USD likely to find support at Wednesday’s low of 1.0065, and resistance at today’s high of 1.0314. AUD/USD Fundamentals 09:00 US S&P/CS Composite-20 HPI y/y Exp. -3.1% Vs. -2.4% 10:00 US CB Consumer Confidence Exp. 64.9 Vs. 70.4 * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. On US economic news, the US reported today that consumer spending rose more than expected, climbing 0.7% in February. Also, pending home sales rose by an unexpected 0.3%, rising 2.1% in February. A tremendous amount of uncertainty still lies around the true extent of the Japanese tsunami and its local and global economic impacts. Furthermore, the ongoing nuclear crisis in Japan is also a cause of uncertainty and fear. The price of oil closed this past week at its highest level in over 2 years, fueled by the ongoing unrest in the Middle East including Western military involvement in Libya, and the lack of clarity as to how and when the Libyan revolt will end and whether or not Libyan leader Muammar Qhaddafi will remain in power. Additionally, it is unclear to what extent the US will continue its military role in Libya. Currensee Community: 93% are short, 7% are long. 457 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 29 2011 Anat Dror 12 years The Australian Dollar was higher Monday against the US dollar, after the Greenback was broadly lower against other currencies following expectations of a rate hike by the European Central Bank. The Aussie was trading at 1.0250, up 0.15% 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 widely in the second half of the day, reaching a high of 1.0295 and then trading in a tight range before dropping sharply to 1.0250 from 1.0278. Current range: 1.0240 - 1.0314 Further levels: Below: 1.0264, 1.0268, 1.0271 Above:… 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.