AUD/USD clings to the side-lined trading near term – UOB – by pabspiovano AUDUSD Currencies Majors Banks
is expected to navigate within the 0.6620-0.6785 range in the next few weeks.24-hour view: “We expected AUD to consolidate in a range of 0.6680/0.6725 yesterday. However, AUD traded in a higher range between 0.6698 and 0.6747. The underlying tone has improved somewhat and AUD is likely to edge higher today, but any advance is not expected to challenge the major resistance at 0.6785 . On the downside, a breach of 0.6700 would suggest the current mild upward pressure has eased.
for AUD is mixed. For the time being, there is no clear direction and AUD could trade in a relatively broad range of 0.6620/0.6785.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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