AUD/USD: Likely to trade in a range between 0.6545 and 0.6595 – UOB Group

  • Australian Dollar (AUD) is most likely to trade in a range between 0.6545 and 0.6595 against US Dollar (USD). In the longer run, current price movements are likely part of a range trading phase; firm underlying tone suggests AUD could trade in a higher range of 0.6515/0.6615, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.