Forex and Domain

The Australian Dollar traded higher Thursday against the United States dollar, following a US report of higher than expected U.S. jobless claims.
The Aussie was trading at 1.0541 0.32% at the time of this writing.
Where is the Aussie headed?

Here's a quick update on techniques, basic principles and trends of the community.

AUD/USD Technicals

Previous sessions: The Aussie traded lower in the first part of the session, reaching a low of 1.0474. Late morning the Aussie reversed and climbed higher than during the entire session up before 1.0547 folding slightly to its current level. Current range: 1.0458-1. 0549Further levels: below: 1.0506, 1.0518, 1.0524 above: 1.0542, 1.0554, 1.0560AUD / USD likely found support in 1.0391 and resistance to the top of 1.0583 today.

AUD/USD fundamentals

13: 30 Us Core CPI m/m 0.2% Class 0.2% exp 13: 30 we CPI m/m 0.5% Class 0.5% 13: 30 exp us Empire State Index of manufacturing exp class 17.5 17.1 14: 00 we TIC long term purchases exp 59. 4 B class 51 5 B 14 : 15 we exp 77.5% class 77.0% 14: 15 capacity utilization rate we Production industrial m/m 0.5% Class 0.0% exp 14: 55 we Prelim UOM exp 68.7 class 67.5 consumer 14: 55 we Prelim UOM expectations of Inflation 4.6% throughout the day all the 16 g-20 meetings : 15 tells us about FOMC Member Evans

* All times are GMT.

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

Feeling AUD/USD

The United States, today reported that jobless claims were higher than expected last week. In a report of the avalanche, the United States reported more low expected PPI (producer price Inflation) for March.

currensee Community: 80% are short, 20% are long. 297 open positions in commercial real accounts this pair at this time. The community is expected to lower levels of the next pair.

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Tags: AUD/USD analysis technique, the g-20 meetings, capacity utilization rates, US Core CPI, US CPI, US Empire State Index, US FOMC Member Evans, US Industrial Production, we Prelim UOM Consumer Sentiment, US Prelim UOM Inflation expectations, we purchases to long-term manufacturing ICT