The Aussie continued to trade lower Thursday against the US Dollar following higher than expected US jobless claims, lower Australian retail sales data and lower growth expectations from China. The Aussie was trading at 1.0585, down 1.52% 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 lower for most of the session, trading sideways in the late morning and then continuing its fall to its current level. Current range: 1.0616 – 1.0771 Further levels: Below: 1.0579, 1.0598, 1.0613 Above: 1.0647, 1.0666, 1.0681 AUD / USD likely to find support at today’s low of 1.0602, and resistance at Monday’s high of 1.1013. AUD/USD Fundamentals Tentative Australia AIG Construction Index Prev. 39.4 02:30 Australia RBA Monetary Policy Statement 13:30 US Non-Farm Employment Change Exp. 185K Prev. 216K 13:30 US Unemployment Rate Exp. 8.8% Prev. 8.8% 13:30 US Average Hourly Earnings m/m Exp. 0.2% Prev. 0.0% 15:00 US FOMC Member Dudley Speaks 20:00 US Consumer Credit m/m Exp. 5.2B Prev. 7.6B * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The Aussie continued its slide against the US Dollar, giving back its gains from the last few days that were largely based on speculation surrounding the death of Al Qaida leader Osama Bin Laden following higher than expected US jobless claims last week. This is the highest level of jobless claims in the last eight months. Australian retail sales dropped unexpectedly during March, raising speculation that the RBA will postpone raising interest rates. Currensee Community: 50% are short, 50% are long. 221open positions in real accounts trading this pair at the moment. The community is now evenly split regarding future levels. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily Outlooks share Read Next Forex Daily Outlook – May 6 2011 Anat Dror 12 years The Aussie continued to trade lower Thursday against the US Dollar following higher than expected US jobless claims, lower Australian retail sales data and lower growth expectations from China. The Aussie was trading at 1.0585, down 1.52% 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 lower for most of the session, trading sideways in the late morning and then continuing its fall to its current level. Current range: 1.0616 - 1.0771 Further levels: Below: 1.0579, 1.0598, 1.0613 Above: 1.0647, 1.0666, 1.0681 AUD / USD likely… 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.
