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Posted by
Two Blokes May 8 -
Filed in
Forex
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2 views
Rather than sustaining its downward momentum, Australian Dollar (AUD) is more likely to trade in a lower range of 0.6400/0.6470. In the longer run, AUD appears to have entered a consolidation phase and is likely to trade between 0.6370 and 0.6515, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
