AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group

  • Downward momentum has not increased further; Australian Dollar (AUD) is expected to trade between 0.6380 and 0.6445 against US Dollar (USD). In the longer run, a breach of 0.6370 would mean that the current price movements are part of a range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.