The Australian Dollar was higher Tuesday against the USdollar, reaching a few year high.The Aussie was trading at 1.0292, up 0.45% at the time of this writing. Are we looking at a bullish trend going forward or a possible decline? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded slightly higher during the first half of the day, reaching a high of 1.0271, and then dropping to 1.0112 by early afternoon. In the second half of the session the Aussie rallied to its current level, its highest level in years. Technical indicators are neutral leaning towards a bullish outlook. Current range: 1.0210 – 1.0294 Further levels: Below: 1.0268, 1.0274, 1.0282 Above: 1.0296, 1.0302, 1.0310 AUD / USD likely to find support at 1.0113, and resistance at Monday’s high of 1.0314. AUD/USD Fundamentals 07:30 US Challenger Job Cuts y/y Past: 20.0% 08:15 US ADP Non-Farm Employment Change Exp. 205K Vs. 217K 10:30 US Crude Oil Inventories Exp. 1.6M Vs. 2.1M 20:30 Australia Building Approvals m/m Exp. 4.3% Vs. -15.9% 20:30 Australia Retail Sales m/m Exp. 0.4% Vs. 0.4% 20:30 Australia Private Sector Credit m/m Exp. 0.3% Vs. 0.3% 12:00 New Zealand NBNZ Business Confidence Past: 34.5 * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The US dollar rallied today on news that that US policymakers will not wait for uncertainties in the global markets to quiet down before defining monetary policy. New Zealand reported today a surplus trade balance in February of 194 NZD up from a deficit in January. 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. Currensee Community: 82% are short, 18% are long. 237 open positions in real accounts Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily Outlooks share Read Next Forex Daily Outlook – March 30 2011 Anat Dror 11 years The Australian Dollar was higher Tuesday against the USdollar, reaching a few year high.The Aussie was trading at 1.0292, up 0.45% at the time of this writing. Are we looking at a bullish trend going forward or a possible decline? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded slightly higher during the first half of the day, reaching a high of 1.0271, and then dropping to 1.0112 by early afternoon. In the second half of the session the Aussie rallied to its current level, its highest level in years. Technical… 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.