AUD/USD is still suffering from the European debt crisis, and is unable to climb back over the important line it lost, despite signs of strength in its economy. Is it gathering energy to rise above this line on the GDP release? Here’s a quick update on technicals, fundamentals and community trends. AUD to USD under 0.9660 AUD/USD Technicals Asian session: AUD USD had an active session after the data was released, but it remained in range. Current Range: 0.9660 to 0.9725. Further levels in both directions: Below 0.9660, 0.9540, 0.9460, 0.9366. Above 0.9725, 0.9863, 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03. Parity is a big technical hurdle, but unlikely to be tackled in current conditions. Holding on to 0.9660 is very important for the Aussie. AUD/USD Fundamentals 00:30 Australian Building Approvals. Exp. +1.6%. Actual +9.3% – excellent news. 00:30 Australian Private Sector Credit. Exp. 0.2%. Actual +0.1%. 00:30 Australian Current Account. Exp. -6.5 billion. Actual -7.8 billion – disappointment. 14:00 US S&P/CS Composite-20 HPI. Exp. +1.2%. Actual +0.6%. 14:55 US Chicago PMI. Exp. 60.1 points. Actual 62.5 points. 15:00 US CB Consumer Confidence. Exp. 52.7 points. Actual 54.1. 20:00 US Federal Reserve chairman Ben Bernanke talks. 22:30 Australian AIG Manufacturing Index. 00:30 (Wednesday) Australian GDP. Exp. +0.5%. We could see a positive surprise here. AUD/USD Sentiment North Korean attack on South Korea surprises the world and triggers risk aversive trading. The Aussie is sensitive to this news, but the Korean tensions are slowly defusing. Contagion spreading: Fears that Spain and Italy will also need bailout packages impacts the whole world, not only the Euro. Portugal might receive aid soon. Here’s the latest contagion update. GDP is very important for the Aussie. This could be a big boost. Currensee Community: 91% are short, 9% are long. 364 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD. 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 Iran Now Controls Lebanese Army Yohay Elam 12 years AUD/USD is still suffering from the European debt crisis, and is unable to climb back over the important line it lost, despite signs of strength in its economy. Is it gathering energy to rise above this line on the GDP release? Here's a quick update on technicals, fundamentals and community trends. AUD to USD under 0.9660 AUD/USD Technicals Asian session: AUD USD had an active session after the data was released, but it remained in range. Current Range: 0.9660 to 0.9725. Further levels in both directions: Below 0.9660, 0.9540, 0.9460, 0.9366. Above 0.9725, 0.9863, 0.9915, 1.0000, 1.0080, 1.0180, 1.0220,… 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.
