Home AUD/USD Jan.5 -Aussie Lower Today Against USD
AUD/USD Daily Outlooks

AUD/USD Jan.5 -Aussie Lower Today Against USD

AUD/USD is lower today, showing relative weakness after having shown relative strength in recent sessions. The Aussie was the weakest currency of the day.
Here’s a quick update on technicals, fundamentals and community trends.
AUD/USD Lower Today

AUD/USD Technicals

  • Previous sessions: Aussie was lower against the US Dollar today trading at 1.0057 at the time of this writing.
  • Current range: 1.0029 – 1.0154
  • Further levels: Below: 1.0029 0.9917, 0.9840, 0.9724, 0.9960, 0.9540, 0.9465, 0.9366   Above: 1.03, 1.0255, 1.0211, 1.0180, 1.0246, 1.0080
  • AUD / USD likely to find support at today’s low of 1.0029, today’s low, and resistance at 1.0255.

AUD/USD Fundamentals

  • Tentative – AUD HIA New Home Sales m/m
  • 12:30 US Challenger Job Cuts y/y
  • 13:15 US ADP Non-Farm Employment Change
  • 15:00 US ISM Non-Manufacturing PMI
  • 22:30 AUD AIG Services Index

* All times are GMT.

For the major events due later in the week, see the  AUD/USD forecast.

AUD/USD Sentiment

  • Experts are forecasting an increase in employment numbers for non-farm and government jobs
  • Slight increase in Non-manufacturing PMI expected indicating continued industry expansion
  • Global markets lower on profit taking in stocks and commodities
  • Experts see good upside potential over the year in AUD with China slowing down.

Currensee Community: 91% are short, 9% are long. 398 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.