The Aussie traded lower Wednesday, returning some of its recent gains against the Greenback following a US report on the trade balance in March. The Aussie was trading at 1.0694, down 1.32% 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 throughout the session dropping to a low of 1.0664 late in the day before consolidating to its current level. Current range: 1.0664 – 1.0889 Further levels: Below: 1.0607, 1.0636, 1.0659 Above: 1.0711, 1.0740, 1.0763 AUD / USD likely to find support at 1.0612, and resistance at today’s high of 1.0889. AUD/USD Fundamentals 02:30 Australia Employment Change Exp. 17.6K Prev. 37.8K 02:30 Australia Unemployment Rate Exp. 4.9% Prev. 4.9% 13:30 US Core Retail Sales m/m Exp. 0.7% Prev. 0.8% 13:30 US PPI m/m Exp. 0.6% Prev. 0.7% 13:30 US Retail Sales m/m Exp. 0.5% Prev. 0.4% 13:30 US Unemployment Claims Exp. 430K Prev. 474K 13:30 US Core PPI m/m Exp. 0.2% Prev. 0.3% 13:30 US FOMC Member Plosser Speaks 15:00 US Fed Chairman Bernanke Testifies 15:00 US Business Inventories m/m Exp. 0.8% Prev. 0.5% 15:30 US Natural Gas Storage Exp. 69B Prev. 72B * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The US released trade balance figures today, reporting that the trade balance grew in March, largely due to the jump in oil prices. Analysts had expected a balance of 47.0B while the actual figure was 48.2B. China release on Tuesday its trade surplus data for April, reporting an USD 11.4B trade surplus. Currensee Community: 52% are short, 48% are long. 220 open positions in real accounts trading this pair at the moment. A slight majority of 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 12 2011 Anat Dror 12 years The Aussie traded lower Wednesday, returning some of its recent gains against the Greenback following a US report on the trade balance in March. The Aussie was trading at 1.0694, down 1.32% 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 throughout the session dropping to a low of 1.0664 late in the day before consolidating to its current level. Current range: 1.0664 - 1.0889 Further levels: Below: 1.0607, 1.0636, 1.0659 Above: 1.0711, 1.0740, 1.0763 AUD / USD likely to find support at 1.0612, and… 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.
