AUD/USD is playing around with parity, hours before the long-awaited QEII decision in the US. Will the Aussie enjoy US weakness and settle at the uncharted zone? Here’s a quick update on technicals, fundamentals and community trends. AUD to USD just under parity, at 0.9996. AUD/USD Technicals Asian session: AUD/USD dropped to 0.9960 before recovering – narrow range. Current Range between 0.9960 to 1. Further levels in both directions: Below 0.9960, 0.9915, 0.9850, 0.9750, 0.9669. Above, parity, 1.0023, 1.02, 1.03. 0.9660 is the strongest line, holding the Aussie again and again. AUD/USD needs to convincingly win parity before moving to further levels. AUD/USD Fundamentals All times are GMT. Most important events emphasized. 00:30 Australian Building Approvals. Exp. +0.3%. Actual -6.6%. Disappointment shrugged off by Aussie. 12:30 US ADP Non-Farm Payrolls. Exp. +21K. 14:00 ISM Non-Manufacturing PMI. Exp. 53.5 points. Important Hint for NFP on Friday. 14:00 Factory Orders. Exp. +1.3%. 18:15 QE2 Decision. One of the most important events of the year. The size of quantitative easing and the wording of the FOMC Statement will rock the markets for many days. 21:45 New Zealand Employment Change. Exp. +0.5%. This important figure from its neighbor has an impact on Australia as well. AUD/USD Sentiment The surprising rate hike in Australia gave a boost to the Aussie, and its better positioned for a rise. Chinese growth continues to be an important theme for Australia. The inevitable second round of quantitative easing in the US is a done deal, but will probably be of a lesser scale than thought earlier. A huge QE2 will send the Euro higher. A weak one will boost the dollar. Volatility will remain high for a long time. Currensee Community: 68% are short, 32% are long. 373 open positions in real accounts trading this pair at the moment. Is the community seeing strong resistance at parity? Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Canadian Dollar Close to Parity On Rising Oil Yohay Elam 12 years AUD/USD is playing around with parity, hours before the long-awaited QEII decision in the US. Will the Aussie enjoy US weakness and settle at the uncharted zone? Here's a quick update on technicals, fundamentals and community trends. AUD to USD just under parity, at 0.9996. AUD/USD Technicals Asian session: AUD/USD dropped to 0.9960 before recovering - narrow range. Current Range between 0.9960 to 1. Further levels in both directions: Below 0.9960, 0.9915, 0.9850, 0.9750, 0.9669. Above, parity, 1.0023, 1.02, 1.03. 0.9660 is the strongest line, holding the Aussie again and again. AUD/USD needs to convincingly win parity before moving to… 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.