AUD/USD has moved into a consolidative phase – UOB – by pabspiovano AUDUSD Currencies Majors Banks
is seen trading within the 0.6600-0.6760 range in the near term.24-hour view: “Yesterday, we held the view that ‘the sharp rebound in AUD could extend but any advance is not expected to break above 0.6710’. We noted, ‘there is another resistance at 0.6680’. AUD rebounded to 0.6680 before easing off to end the day at 0.6654 . The price actions are likely part of a consolidation phase and today, we expect AUD to trade in a range of 0.6620/0.6690.
Next 1-3 weeks: “Yesterday, we held the view that ‘the sharp rebound in AUD could extend but any advance is not expected to break above 0.6710’. We noted, ‘there is another resistance at 0.6680’. AUD rebounded to 0.6680 before easing off to end the day at 0.6654 . The price actions are likely part of a consolidation phase and today, we expect AUD to trade in a range of 0.6620/0.6690.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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