The Aussie traded lower Tuesday against the US Dollar after investors sought safer investments on fears that Al Qaida will try to revenge the death of its leader Osama Bin Laden. The Aussie was trading at 1.0856, down 0.82% 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 downwards early in the session, reversing towards the late morning and climbing to a high of 1.0932 and then falling throughout the rest of the session to its current level. Current range: 1.0847 – 1.0950 Further levels: Below: 1.0827, 1.0846, 1.0861 Above: 1.0895, 1.0914, 1.0929 AUD / USD likely to find support at 1.0846, and resistance at today’s high of 1.1013. AUD/USD Fundamentals 00:30 Australia AIG Services Index Prev. 46.5 Tentative Australia HIA New Home Sales m/m Prev. 0.6% 12:30 US Challenger Job Cuts y/y Prev. -38.6% 13:15 US ADP Non-Farm Employment Change Exp. 200K Prev. 201K 15:00 US ISM Non-Manufacturing PMI Exp. 57.9 Prev. 57.3 15:30 US Crude Oil Inventories Exp. 1.9M Prev. 6.2M 21:00 US FOMC Member Fisher Speaks 23:45 New Zealand Employment Change q/q Exp. 0.6% Prev. -0.5% 23:45 New Zealand Unemployment Rate Exp. 6.7% Prev. 6.8% * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment Investors were jittery today on fears that Al Qaida and other terrorist organizations will try to seek revenge for the death by US Special Forces of its leader Osama Bin Laden. Investors flocked to safer investments such as the US Dollar. The RBA (Reserve Bank of Australia) maintained its current benchmark interest rate at 4.75%. The RBA believes that the strength of the Aussie will keep inflation in check for the duration of this year. The US reported today that factory order increased more-than-expected in March. Currensee Community: 52% are short, 48% are long. 261 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 – May 4 2011 Anat Dror 12 years The Aussie traded lower Tuesday against the US Dollar after investors sought safer investments on fears that Al Qaida will try to revenge the death of its leader Osama Bin Laden. The Aussie was trading at 1.0856, down 0.82% 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 downwards early in the session, reversing towards the late morning and climbing to a high of 1.0932 and then falling throughout the rest of the session to its current level. Current range: 1.0847 - 1.0950 Further levels: Below:… 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.
